Egypt: Jasan Group launches a textile project worth 117 million dollars

The announcement was made on Monday, August 10, 2026, by the Suez Canal Economic Zone Authority (SCZONE). The site is intended to strengthen Egypt’s industrial capabilities in a sector that the government seeks to develop to increase exports and attract more foreign investments.

The project will be established in the Qantara West industrial zone, which is within the SCZONE area. This location is expected to allow the Chinese group to benefit from access to the port and logistics infrastructure of the Suez Canal, as well as close proximity to external markets.

According to information provided by the authorities, Jasan Group plans to dedicate 90% of its production to international markets. The remaining portion would be allocated to the Egyptian market, but details on the specific products, construction timeline, and start date for operations have not been specified.

A project oriented towards export

With 6,000 direct jobs announced, the complex would be among the new industrial projects aimed at developing Egypt’s manufacturing base. However, the authorities did not detail the distribution of positions, production capacities, or the amount of potential benefits granted to the investor.

The establishment of Jasan Group is part of Egypt’s efforts to attract foreign capital in export-oriented sectors. Textiles and clothing are among the targeted industries due to their job creation potential and integration into international value chains.

The amount of $117 million corresponds to the announced investment for the project. The available information does not yet specify whether this sum covers only the construction of the complex or if it also includes equipment and commissioning expenses.