Avelon to build $27M technical textiles plant in Egypt's East Port Said

Canada's Avelon signed an agreement with Egypt's Suez Canal Economic Zone to build a technical textiles manufacturing plant in the East Port Said Industrial Zone. The first phase involves a $27 million investment and is expected to create 200 direct and 50 indirect jobs, with all output for export.

“The integration between the East Port Said Industrial Zone and East Port Said Port provides investors with significant logistical advantages that help reduce transportation and shipping costs and improve access to global markets.”en.amwalalghad.com

• 2 sources
• en.amwalalghad.comCanada's Avelon signs deal for technical textiles plant in Egypt's East Port Said | Amwal Al GhadYomna YasserJun 11, 2026
• zawya.comSCZONE Signs $27mln deal with Canada's Avelon for technical textiles plant | ZAWYAStaff WriterJun 12, 2026

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