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Chinese Jasan Group invests $117M in industrial project
The Media Center of the Council of Ministers announced the establishment of a major industrial project by the Chinese company "Jasan Group" in the Qantara West Industrial Zone, part of the Suez Canal Economic Zone. The project involves an investment of $117 million and is fully financed through self-funding. Its aim is to create an integrated complex in the field of spinning, textiles, and ready-made garments, with 90% of its production exported to global markets and the creation of approximately 6,000 direct jobs upon completion. The implementation is carried out in three phases and includes activities such as manufacturing ready-made garments, shoes, textile accessories, and dyeing. The project emphasizes modern technologies and green manufacturing, leveraging the strategic location and state-of-the-art facilities in the area to enhance the national industry and boost exports.
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