SCZONE & Ulusoy: $18M Yarn Factory in Egypt
- Tic.A.Ş., a Turkish company, is set to establish a new yarn and textile production factory in Egypt's West Qantara Industrial Zone.
- the project, a $18 million investment fully financed by Ulusoy, will span 35,000 square meters.
- Mohamed Ulusoy, the company's legal representative, signed the agreement alongside SCZONE officials and company executives.
Ulusoy Tekstil is investing $18 million in a new yarn factory in Egypt’s West Qantara industrial Zone, a move set to bolster the local textile sector. This project,backed by the Suez Canal Economic Zone (SCZONE),promises to generate approximately 855 jobs and will focus on producing various yarns and ready-made garments. The facility is expected to export 80% of its production. This meaningful investment reflects egypt’s stable business environment and SCZONE’s incentives, furthering the country’s role in the global textile market. News directory 3 is following this story closely. Discover what’s next for the textile industry in Egypt!
ulusoy Tekstil to Invest $18M in Egypt Yarn Factory
Updated June 19, 2025
Ulusoy tekstil San. Tic.A.Ş., a Turkish company, is set to establish a new yarn and textile production factory in Egypt’s West Qantara Industrial Zone. Waleid Gamal El-Din, chairperson of the Suez Canal Economic Zone (SCZONE), formalized the agreement Wednesday.
the project, a $18 million investment fully financed by Ulusoy, will span 35,000 square meters. The new facility is projected to generate approximately 855 direct job opportunities in the region. The factory will focus on producing a variety of yarn, including fibre, carpet, hand-knitting, tricot, and household crochet yarns. It will also manufacture and weave ready-made garments.
Mohamed Ulusoy, the company’s legal representative, signed the agreement alongside SCZONE officials and company executives. The company intends to export 80% of its textile production, allocating the remaining 20% for the domestic market.
Gamal El-Din emphasized the West Qantara Industrial Zone’s growing importance as a regional hub for the textile, spinning, and ready-made garment industries. He cited its integrated supply chain, robust infrastructure, and strategic location connected to SCZONE’s port network and logistics corridors as key advantages. He added that this yarn factory project highlights Egypt’s stable business environment and SCZONE’s attractive incentives.
“This investment reflects the zone’s appeal to labor-intensive, export-oriented industries that generate local added value,” Gamal El-Din saeid.
The Ulusoy project marks the 24th agreement within the West Qantara Industrial Zone,bringing total investments in the area to $661.5 million and creating 34,455 direct jobs. Gamal El-Din stated the deal demonstrates SCZONE’s strategy to bolster export-driven industries,deepen local manufacturing,and localize supply chains across the textile sector.
Ulusoy, founded in 1986, is a major European yarn producer with two integrated production facilities in Turkey. these facilities, located in Adana Hacı Sabancı industrial Zone and Osmaniye industrial City, have a monthly production capacity exceeding 1,000 tonnes and export products globally.
What’s next
The new factory is expected to begin production within the next year, further solidifying Egypt’s position in the global textile market.