# Shandong Ruyi signs $830M textile zone contract in Suez Canal area

Shandong Ruyi Spinning & Weaving Co. signed a contract to establish a textile industrial zone in the Suez Canal economic zone with investments of $830 million, creating over 10,000 jobs.

- Type: Contract
- Announced: 2018-09-03
- Where: Ain Sokhna, Suez Canal economic zone, Egypt
- Value: $830.0M
- Jobs: 10,000
- Status: announced
- Products: textile products
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Shandong Ruyi Spinning & Weaving Co.](https://endata.com/companies/34085.md) (customer)
- [Suez Canal Authority](https://endata.com/companies/34086.md) (supplier)

## Sources

- [egypttoday.com](https://www.egypttoday.com/Article/3/57061/Mamish-signs-3-contracts-exceeding-1B-with-Chinese-companies), 2018-09-03: "The first contract was signed with Shandong Ruyi Spinning & Weaving Co. which intends to pump investments worth $830 million to establish a textile industrial zone in the Suez Cana industrial zone, providing more than 10,000 job opportunities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.