CAIRO - 13 August 2025: TEDA Egypt has signed a $1 billion agreement with China’s Sailun Group to build a large-scale tire manufacturing facility in the Integrated Sokhna Zone under the Suez Canal Economic Zone (SCZone).
The project will span 350,000 square meters and be implemented in three stages over three years. The first phase, expected to finish next year, will produce 3 million passenger car tires and 600,000 truck and bus tires annually.
At full capacity, the plant will manufacture more than 10 million tires per year, serving both Egypt’s domestic market and export destinations.
Prime Minister Moustafa Madbouly, attending the signing ceremony, reaffirmed Egypt’s determination to localize automotive production and its associated supply chains, commending SCZone’s successful investment promotion efforts.
SCZone Chairman Waleid Gamal El-Dien noted that the tire plant is a cornerstone in the zone’s vision to establish integrated industrial clusters for the automotive sector. He added that the SCZone’s latest investment promotion mission to China engaged leading electric vehicle and battery producers, along with top auto parts manufacturers.
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