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Government to invest 500M in tire factory
The Egyptian government intends to establish a factory for manufacturing passenger car and light transportation tires with an investment of nearly $500 million, in partnership with the private sector. The goal is to meet the local market’s needs and reduce dependence on imports. This project represents a step toward bolstering local manufacturing in the tire industry, which Egypt currently relies heavily on importing—about 8 million tires annually, at a cost of up to $1.25 billion. The factory will be located in the industrial zone of 10th of Ramadan City on an area of 217 acres. Its aim is to bridge the gap between domestic demand and local production while supporting investment opportunities in the transport sector and automotive industry, especially since Egypt currently lacks factories for passenger car and compact car tires. Additionally, domestic car sales increased by 40.1% in the first five months of 2026, with a significant rise in the sales of passenger cars and buses, reflecting the growing market needs for this strategic product.
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