Interloop has made a USD 35.2 million investment to establish an export-oriented garment facility in Egypt's Suez Canal Economic Zone, creating over 1,000 jobs and expanding its manufacturing network.
Target Information
Interloop, a leading textile manufacturing company, has announced a significant investment of USD 35.2 million through a subsidiary of its Associate Company to develop a new ready-made garments facility in the Suez Canal Economic Zone (SCZONE) of Egypt. This new plant, spanning 60,000 square meters, is strategically designed to be fully export-oriented, which is projected to create over 1,000 direct jobs in the region.
Located within the Al-Qantara West Industrial Zone, this facility is positioned advantageously on the Suez Canal, allowing Interloop to access key markets efficiently. The proximity to these markets in the U.S., Europe, the Middle East, and Africa will enhance the company's capabilities to deliver products to global customers with reduced lead times and lower costs.
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Industry Overview
The garment manufacturing industry in Egypt is poised for growth, thanks in part to the country's strategic geographic location and favorable trade agreements. Egypt's trade agreements with key economic regions, such as the U
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Transaction Size: $35M