Published in: SOKHNA360

With USD 65 Million in Investments Elsewedy Industrial Development Signs Land Agreements with Four Chinese Companies to Establish Textile Manufacturing Facilities in SOKHNA360, SCZONE

Cairo – Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, has signed land allocation agreements with four major Chinese textile manufacturers to establish new production facilities within SOKHNA360, the fully integrated industrial city developed by Elsewedy Industrial Development in the Suez Canal Economic Zone (SCZONE).

The signing ceremony was witnessed by Eng. Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone; Dr. Abdelaziz El-Sherif, Chairman of the Egyptian Commercial Service; and Minister Plenipotentiary Alaa El-Baily, representing Trade Affairs. The agreements were signed by Eng. Mohamed AlKammah, CEO of Elsewedy Industrial Development, alongside representatives of the four Chinese companies.

Marking a new milestone for the textile industry in Egypt, the agreements bring together four leading Chinese players specializing in advanced textile technologies and healthcare fabrics. Their facilities — spanning a total of over 238,000 square meters — will form one of the largest textile clusters in SOKHNA360, with investments exceeding USD 65 million and the potential to create more than 3,000 new jobs.

Once operational, these projects will serve as regional export hubs, supplying high-quality textile products to markets across Europe, Africa, and the Middle East, reinforcing Egypt’s position as a competitive manufacturing destination.

Eng. Mohamed AlKammah, CEO of Elsewedy Industrial Development, affirmed that these partnerships reflect the confidence of international investors in Egypt’s investment climate and in the infrastructure developed by Elsewedy Industrial Development across its industrial cities.

He added: “Our commitment is not only to provide land, but to continuously invest in infrastructure and services that make our cities attractive, efficient, and sustainable. By supporting our clients every step of the way, we create the right environment for more foreign investors to choose Egypt as their industrial destination.”

It is worth mentioning that SOKHNA360, developed by Elsewedy Industrial Development, spans an area of 10 million square meters and is a fully integrated industrial city strategically located within the Suez Canal Economic Zone (SCZONE). Designed as a next-generation industrial hub, the city brings together industrial, logistics, and commercial zones alongside residential and service facilities, creating a complete ecosystem that supports investors and their workforce alike. The location offers direct access to major ports and transport corridors, SOKHNA360 serves as a strategic gateway for global manufacturing and export.

The city also benefits from the incentives and privileges offered under the SCZONE framework, including customs exemptions, streamlined licensing procedures, and flexible investment regulations that simplify operations and enhance competitiveness for investors. These advantages, create an ideal environment for sustainable growth and international partnerships — reflecting the company’s vision to turn land into legacy and drive Egypt’s industrial transformation.