Latest news with #DiSeta
Zawya
10-03-2025
- Business
- Zawya
China's Di Seta launches $40mln garment accessories project in Egypt's SCZone
Egypt - A groundbreaking ceremony was held on Sunday for the first phase of Chinese company Di Seta's garment accessories and ready-to-wear clothing project in the Qantara West Industrial Zone. The project, located within the Suez Canal Economic Zone (SCZone), represents a $40m investment for its initial phase. The ceremony was attended by Waleid Gamal El-Din, Chairperson of the SCZone, and Akram Galal, Governor of Ismailia, alongside Jason Yao, Vice President of Di Seta, a member of parliament for the Qantara region, and other SCZone and Ismailia Governorate officials. The two-phase project will occupy a total area of 83,000 square meters and is expected to create 1,200 direct jobs. Operations are scheduled to begin in September of this year. Gamal El-Din stated that the SCZone is making steady progress in attracting investment in targeted industrial sectors. He emphasized the zone's commitment to diversifying investments across its four industrial areas in Sokhna, East Port Said, Qantara West, and East Ismailia. Each area focuses on specific industrial sectors based on geographic location and availability of raw materials. He noted that the SCZone has so far attracted 15 projects to the Qantara West Industrial Zone, covering a total area of approximately 1.031 million square meters, with investments reaching $490m. These projects are expected to generate over 20,000 direct jobs. Gamal El-Din added that the Di Seta project represents a new chapter in the successful partnership between the SCZone and Chinese investments in the promising Qantara West region. He cited the SCZone's promotional efforts over the past 30 months, infrastructure investments, and digitisation of investor services as contributing factors to creating a favourable investment climate. He stated that the SCZone aims to transform the Qantara West Industrial Zone into a hub for textiles and garment industries, in addition to other targeted sectors, to meet local market needs, provide products with international quality, and boost Egyptian exports in line with the country's plan.
Daily News Egypt
09-03-2025
- Business
- Daily News Egypt
China's Di Seta launches $40m garment accessories project in Egypt's SCZone
A groundbreaking ceremony was held on Sunday for the first phase of Chinese company Di Seta's garment accessories and ready-to-wear clothing project in the Qantara West Industrial Zone. The project, located within the Suez Canal Economic Zone (SCZone), represents a $40m investment for its initial phase. The ceremony was attended by Waleid Gamal El-Din, Chairperson of the SCZone, and Akram Galal, Governor of Ismailia, alongside Jason Yao, Vice President of Di Seta, a member of parliament for the Qantara region, and other SCZone and Ismailia Governorate officials. The two-phase project will occupy a total area of 83,000 square meters and is expected to create 1,200 direct jobs. Operations are scheduled to begin in September of this year. Gamal El-Din stated that the SCZone is making steady progress in attracting investment in targeted industrial sectors. He emphasized the zone's commitment to diversifying investments across its four industrial areas in Sokhna, East Port Said, Qantara West, and East Ismailia. Each area focuses on specific industrial sectors based on geographic location and availability of raw materials. He noted that the SCZone has so far attracted 15 projects to the Qantara West Industrial Zone, covering a total area of approximately 1.031 million square meters, with investments reaching $490m. These projects are expected to generate over 20,000 direct jobs. Gamal El-Din added that the Di Seta project represents a new chapter in the successful partnership between the SCZone and Chinese investments in the promising Qantara West region. He cited the SCZone's promotional efforts over the past 30 months, infrastructure investments, and digitisation of investor services as contributing factors to creating a favourable investment climate. He stated that the SCZone aims to transform the Qantara West Industrial Zone into a hub for textiles and garment industries, in addition to other targeted sectors, to meet local market needs, provide products with international quality, and boost Egyptian exports in line with the country's plan.
Egypt Today
09-03-2025
- Business
- Egypt Today
SCZone lays foundation stone for Di Seta's $40M ready-made garments project
CAIRO – 9 March 2025: The General Authority for the Suez Canal Economic Zone (SCZone) announced the groundbreaking of the first phase of the Chinese company Di Seta's project, specializing in fashion accessories and ready-made garments, in the Qantara West Industrial Zone. The first phase of the project comes with an investment of $40 million. Spanning 83,000 square meters over two phases, the project is expected to generate 1,200 direct job opportunities and is scheduled to begin operations in September. Walid Gamal El-Din, Chairman of the SCZone emphasized the commitment to attracting targeted industrial investments while ensuring diversity across its industrial zones. He highlighted that the economic zone comprises four industrial areas: Ain Sokhna, East Port Said, Qantara West, and East Ismailia. Each industrial zone is allocated for specific industries based on geographic location and the availability of raw materials that support those industries. SCZone has successfully attracted 15 industrial projects to Qantara West, covering a total area of 1.031 million square meters, with total investments of approximately 490 million dollars. These projects have created over 20,000 direct job opportunities, further positioning the area as a promising investment hub. The Di Seta project marks another milestone in expanding Chinese investments within the SCZone. The authority aims to transform Qantara West into a regional hub for textiles and garment manufacturing, while also attracting investments in other key industries. This project aligns with the SCZone's vision to enhance industrial development, support local and global supply chains, and drive Egypt's economic growth while creating more job opportunities for young professionals.
