Cairo: The Suez Canal Zone Authority has announced the signing of a contract with Turkiye's Eroglu Global Holding to establish a carton and packaging plant in the West Qantara Industrial Zone, involving an investment of USD 175 million. The project will span 70,000 square meters and aims to produce 10 million packages, creating approximately 2,000 direct jobs. The output will be evenly split between export and local market distribution.
According to Kuwait News Agency, Authority Chairman Waleed Gamal El-Din highlighted that the project will be a strategic addition to the Zone's industrial system. It aims to support food industry supply chains, enhance local production integration, reduce reliance on imports, and increase the value added to Egyptian products.
Gamal El-Din also noted that this new agreement brings the total number of contracted projects in the West Qantara Industrial Zone to 52. These projects collectively cover about 3,537,100 square meters and involve investments exceeding USD 1.531 billion, providing approximately 72,665 direct jobs. He emphasized that these efforts align with the authority's goals to support sustainable industrial development and boost Egyptian exports.
Eroglu Global Holding, established in Turkiye in 1983, boasts a strong investment history and currently operates three projects in West Qantara. This new carton and packaging plant marks its fourth venture, reinforcing its status as the Zone's largest industrial investor.