in Short

Egypt : chinese factory to invest $40 million in ready-to-wear factory 

The General Authority of the Suez Canal Economic Zone (SCZone) announced in a press release published on Tuesday, July 18, the signing of an agreement with the Chinese ready-to-wear manufacturer Shanghai Shengda for the establishment of a factory in Egypt, for a total investment of 40 million dollars. The plant will generate 1,200 direct jobs. Its production should be entirely exported to the United States. 

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