Jasan Group Egypt Project Invests $117M

Gasan Group, a Chinese company, launched an industrial project in the West Qantara area of Ismailia Governorate in Egypt, with an investment of $117 million spanning an area of 300,000 square meters. The project's goal is to establish an integrated complex for spinning, weaving, and ready-made garments, with a focus on export; it is expected that about 90% of its production will be shipped abroad. Upon completion, it will provide approximately 6,000 direct jobs. The project includes multiple phases and activities such as yarn production, textile manufacturing, sportswear, socks, seamless clothing, elastic fabrics, and dyeing. The company chose Egypt due to its strategic location, trade advantages, and potential for expanding production and reaching global markets, while incorporating smart manufacturing technologies, automation, and green production to enhance the competitiveness of Egyptian textile industries. The project forms part of an expansion drive in the region, which has attracted investments totaling $1.54 billion and offers around 68,915 direct employment opportunities, with a particular importance given to the textile, apparel, and ready-made garment sector, involving 43 projects in the area.

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