Arab Finance: Zhejiang Jiansheng Group Company, known as Jasan Group, has broken ground on a textile and apparel complex in the Qantara West Industrial Zone, with total investments of $117 million, according to a statement.

Spanning 300,000 square meters, the project will be fully self-financed and developed in three phases to establish an integrated industrial complex specializing in spinning and weaving, ready-made and sportswear, seamless apparel, accessories, rubber fabrics, and dyeing.

Once fully operational, the facility is expected to create 6,000 direct jobs. Around 90% of its production is earmarked for export markets, while the remaining 10% will be directed to the local market.

Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), said the launch marks a new milestone in the industrial development of Qantara West Zone, supporting the authority’s objectives  to establish the area as a specialized hub for the spinning, weaving, and ready-made garment industries.

Gamal El-Dien also noted that the authority contracted 117 industrial projects during fiscal year (FY) 2025/2026, with total investments of nearly $7.26 billion.

The zone currently hosts 54 projects from investors of nine nationalities, with combined investments of around $1.54 billion. The projects cover a total area of 3.57 million square meters and are expected to create nearly 68,915 direct jobs.

The spinning, weaving, and ready-made garment sector accounts for the largest share of industrial activity in Qantara West, with 43 projects.