On 30 April 2024, Mr. Thanabordee Joothong, Charge d’affaires a.i., witnessed the signing ceremony of the usufruct contract between Hi-Tech Apparel Co. Ltd. and the Suez Canal Economic Zone (SCZONE) represented by Mr. Wason Vitanakorn, Chief Executive Officer of Hi-Tech Apparel Co., Ltd. and Mr. Walid Gamal El-Din, Chairman of SCZONE, respectively. The said contract would allow the establishment of a sportswear factory in the West Qantara Industrial Zone in Ismalia in the near future.
Hi-Tech Apparel Co. Ltd. is a world-class leader in garment manufacturing and would consider to be the first Thai manufacturing company ever to invest and set up a factory in Egypt. The investment is expected to be around 20 million USD and create more than 1,500 jobs.
Distributed by APO Group on behalf of Royal Thai Embassy, Cairo, Egypt.