At USD20 million investment: New denim factory in SCZone
The USD20 million contract that seals the agreement was signed on 23 June between Suez Canal Economic Zone (SCZONE) and the Turkish textile company ŞIRIKÇIOĞLU Grubu Textile Turkiye. The new factory, which will sprawl over some of 16,700 square metres, is expected to yield 18 million tons of fabric annually; it should cater for the needs of factories operating in Egypt, sad export some 50 per cent of its production. The denim factory will provide around 500 direct job opportunities.
The contract was signed by Walied Gamal-Eldien, Chairman of the SCZONE, and Atef ŞIRIKÇIOĞLU, Chairman of the Turkish company.
According to Gamal-Eldien, this project is the 25th contracted project in the Qantara West Industrial Zone, bringing total investments there to USD681.5 million, and providing 34,955 direct job opportunities.
Şirikçioğlu was founded in Turkey in 1997 and is one of the leading companies in the production of denim yarns and fabrics, ranking first in this sector in the Turkish market. The company owns a group of specialised factories in Turkey, employing more than 5,000 employees, and exports its high-quality fabric products to many major international brands.
Watani International
24 June 2025
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