The project will involve investments of $6.5 million, span 20,000 square metres, and is expected to create around 200 direct jobs, according to a statement.
The new ventures are expected to generate approximately 16,000 direct job opportunities.
The land will serve as a private free zone dedicated to establishing a fully integrated factory for the production of high-quality textiles, with a total investment of $100 million.
The factory will cover the entire production process, from spinning to final garment production.
The project involves a total investment of $8.8 million, spanning 26,000 square meters, and is set to create 1,000 direct job opportunities.