Tunis:Suez Canal Economic Zone The General Authority for Suez Canal Economic Zone (SCZone) has initiated the construction of a $30 million sportswear factory by South Korean firm H and L Egypt Apparel in the West Qantara Industrial Zone. This project is anticipated to generate approximately 2,000 direct jobs.
According to State Information Service Egypt, the factory will occupy 42,000 square meters and will utilize state-of-the-art manufacturing technology to produce sportswear. The development aims to create a smart and environmentally friendly facility that can supply international markets.
The groundbreaking ceremony on Tuesday was attended by SCZone Chairman Moustafa Shaikhon, South Korean Ambassador Kim Wan-joong, SCZONE Vice Chairman for the Northern Zone Mohamed Ibrahim, Ismailia Deputy Governor Ahmed Essam El-Din, and company representatives. Shaikhon highlighted the project as a significant advance in attracting South Korean investment to the zone, following the strategic partnership between Egypt and South Korea.
Currently, the West Qantara Industrial Zone hosts 54 projects from investors across nine countries, with a cumulative investment of approximately $1.54 billion. The textile and garment industry constitutes 43 of these projects. Shaikhon emphasized ongoing efforts to enhance infrastructure and services to bolster industrial production, exports, and job creation.
South Korean Ambassador Kim Wan-joong noted the strategic location of the Suez Canal Economic Zone and its access to international markets through free trade agreements, making it an appealing destination for Korean manufacturers. He expressed optimism that the factory could encourage additional South Korean investments in Egypt.
CEO of H and L Egypt Apparel, Lee Sung-jun, stated the company's plan to establish a modern production facility using advanced technology and sustainable practices to compete globally. The project marks the first South Korean industrial venture in the Suez Canal Economic Zone, with the agreement initially signed in November 2025, and investment plans doubling from $15 million to $30 million.