SCZONE Signs US$ 27 Mn Deal With Avelon For Technical Textiles Facility
The General Authority for the Suez Canal Economic Zone (SCZONE) has signed an agreement with Canadian company Avelon to establish a technical textiles manufacturing plant in the East Port Said Industrial Zone, with first-phase investments of US$ 27 million.
The facility will produce technical textiles for the construction and building materials sector, including advanced solutions for waterproofing, building protection, soil reinforcement and infrastructure applications.
The first phase of the project will be developed on a 24,183 sq. metre site and is expected to generate around 200 direct jobs and 50 indirect jobs. The entire production output will be exported to the US and European markets. Plans for a second expansion phase are also under consideration within the East Port Said Industrial Zone.
SCZONE Chairman Waleid Gamal El-Dien said the investment reflects the growing attractiveness of East Port Said as a destination for export-oriented, high-value manufacturing projects. He highlighted the zone’s strategic advantages, including its proximity to East Port Said Port, which provides manufacturers with efficient logistics, lower transportation costs and faster access to global markets.
According to Gamal El-Dien, the project aligns with SCZONE’s strategy to localise export-focused industries, strengthen industrial value chains and attract foreign direct investment into priority sectors. He added that the zone’s modern infrastructure, strategic location and integrated logistics services continue to support Egypt’s efforts to build a competitive and advanced industrial base.
