The total investment for all projects is US$309 million, with a total area of 751,000 square metres, which will create about 14,200 jobs
The Suez Canal Economic Zone (SCZONE) announced that it has attracted US$38 million in investments for two new projects in the Qantara West Industrial Zone.
The projects, which will cover an area of 137,000 square metres, will focus on food processing and textile production, creating around 1,450 jobs. This is reported by Daily News Egypt, a partner of TV BRICS.
Waleid Gamal El-Din, Chairperson of the SCZONE said that the signing of these two contracts finalises the eight project agreements in the first phase of Kantara West. The total investment for all the projects is US$309 million, with a total area of 751,000 square metres, which will create about 14,200 jobs.
"This is a significant developmental achievement," he said, adding that it establishes "a world-class industrial hub capable of attracting further investment, fostering promising employment prospects, and building investor confidence." He also said the projects would play a vital role in strengthening the national economy through the development of advanced industries.
Gamal El-Din emphasised Qantara West's strategic location near seaports, making it attractive to investors and providing access to regional and international markets.
He reiterated SCZONE's commitment to improve the zone's infrastructure to enhance business operations and expressed its readiness to provide investors with support, including land, logistics and licensing services to facilitate the investment process.
Photo: iStock-
![]()
Economy28.08.26Brazil and India strengthen trade and investment ties -
![]()
Economy28.08.26Egypt plans to double oil and gas condensate production as US$4 billion refinery projects advance -
![]()
Economy27.08.26South Africa accelerates infrastructure projects to attract investment and drive economic growth -
![]()
Economy27.08.26Malaysia sees Vietnam as potential hub in global Halal supply chain -
![]()
Economy26.08.26Dubai leads global cities in attracting creative economy FDI projects -
![]()
Economy25.08.26Brazil’s airports handle record 11.9 million passengers in July
-
![Alisher Salomov]()
Alisher SalomovAdviser to the Chairman of the National Committee for Ecology and Climate Change of the Republic of Uzbekistan"First and foremost, I would like to highlight the importance of this Central Asia–Russia initiative, because environmental problems know no borders, and only a shared understanding of these problems and the search for joint solutions can deliver positive results" -
![Joao Paulo Capobianco]()
Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification" -
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
