Zhejiang Hongda Textile Manufacturing Invests $20m in Egypt’s Growing Textile Export Hub

CAIRO—The Suez Canal Economic Zone (SCZONE) has secured a new Chinese industrial investment after signing an agreement with Zhejiang Hongda Textile Manufacturing and Processing to establish a textile production facility in the West Qantara Industrial Zone. The project will involve investments of $20 million and will be developed on a 60,000-square-metre site. The factory is expected to create around 500 […] The post Zhejiang Hongda Textile Manufacturing Invests $20m in Egypt’s Growing Textile Export Hub appeared first on The Middle East Observer.