Covering 80,000 square metres, the facility will create 1,500 direct jobs and produce around 5,000 tonnes of fabric, 4 million sets of bed covers, and 1 million sets of car carpets every year.
Nine-tenths of its production output will be exported.
SCZone aims at positioning Qantara West as an integrated hub for textiles, readymade garments and accessories, its chairman Walid Gamal El-Dien was cited as saying by domestic media reports.
Thirty-two projects have been signed in the zone till now, with total investments exceeding $822 million and creating 45,600 direct jobs.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!