Walid Gamal El Din, Chairman of the General Authority for the Suez Canal Economic Zone, witnessed the foundation stone laying ceremony for the “Eroglu Egypt Readymade Garments” project in the Qantara West Industrial Zone in cooperation with the Turkish Eroglu Holding Company. The project’s total investments after expansions amount to 51 million dollars, and it is located on a total area estimated at With an area of about 84.2 thousand square metres, the project is expected to provide about 5,000 job opportunities after its operation. The ceremony was attended by: Major General Pilot A.H. Akram Jalal, Governor of Ismailia, the Turkish Ambassador to Cairo, Salih Mutlu Şen, Chairman of Eroglu SC Readymade Garments Group, Sahin Eroglu, Umit Eroglu, Vice President of Eroglu Holding Company, and Mustafa Dinzer, Representative of the Relations Council. The Turkish Foreign Economic Commission, the Vice-President of the Suez Canal Economy for the Northern Region, Investment and Promotion, a member of the House of Representatives for the Qantara region, and a group of leaders from the authority, the Turkish company, and the official authorities in the state.
On the sidelines of the foundation stone laying ceremony, Walid Gamal El-Din stated that the Qantara West region enjoys various competitive advantages represented in the availability of trained technical workers and raw materials, which qualifies it to become a global industrial fortress in the field of textile and ready-made clothing industry, as well as food industries, which work is underway to open. One of the projects in this field soon, in addition to integration with the Authority’s ports and benefiting from free and international trade agreements that achieve full access to about two billion consumers around the world, stressing that this project reflects the success of the ongoing partnership with the private sector, and represents a direct translation of the promotional efforts undertaken by the Authority during the period. The past, which aimed to attract investments from major international companies in the sectors targeted for localization in the authority’s strategy, stressing his pride in laying the foundation stone for the third project in the Qantara West region within less than 4 months, and explaining that the authority is working to create an integrated community within the Qantara West region in cooperation with state institutions, to provide Various ways of life, including commercial centers, bank branches, and other requirements for business success in the region.
The head of the Suez Canal Economic Zone also pointed out in his speech that the Eroglu Egypt Readymade Garment Company project is the second Turkish project in the Qantara West region, and is also among the first projects in the Qantara region after the great efforts that the Suez Canal Economic Zone has made and is still making in developing and equipping it. Its infrastructure puts it on the map of promising industrial investments in Egypt, and enhances the region’s economic competitiveness regionally and globally as a leading industrial and logistics center and a preferred destination for investment, with the conducive environment it provides for investment with the support of the economic reforms that the Egyptian state was able to accomplish under the leadership of President Abdel Fattah El-Sisi. This was reflected in attracting foreign investments within the authority, restoring investor confidence, and raising the competitiveness and efficiency of the business climate.
For his part, Sahin Eroglu expressed his happiness in cooperating with the Suez Canal Economic Zone to establish the Eroglu Egypt Readymade Garment Company project in the Qantara West area, which is a promising citadel for the textile and ready-made clothing industry, pointing out that this project supports economic cooperation between Egypt and Turkey.
He also explained that the company is present in 38 countries around the world, has 4 factories and 8 companies, employs 15 thousand employees, and has two major international brands, with a thousand branches around the world, and 15 branches in Egypt, and the company aims to reach 100 branches within 5 years. For years, he also stated that the company works alongside ready-made clothing in the field of real estate development to provide decent housing for its customers, and seeks to transfer that experience to Egypt as well. He also stressed the company’s aspiration to increase its production of ready-made clothing to reach 24 million pieces of clothing annually after the opening of the new factory in the area. Qantara West.
He also stressed that the company adopts the principle of “people first.” It is keen to provide intensive job opportunities in its various projects, and it always preserves the rights of future generations through its sustainability plans and policies by relying on clean energy sources, as well as recycling water in its factories to fulfill the company’s responsibility towards the environment.
It is worth noting that this project comes in light of the fruitful and constructive cooperation between the Suez Canal Economic Zone and the Administrative Control Authority to localize industrial projects for a number of companies operating in the Egyptian market that have achieved success and aim to export abroad, numbering 151 companies.
