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Agreement Signed for Tire Industrial Complex
Egypt has signed a memorandum of understanding with the Chinese group "Ling Long" to establish an industrial complex valued at approximately $2 billion for the production of tires, including those for passenger vehicles, buses, and equipment. The project aims to create more than 5,000 jobs, promote local manufacturing, increase exports to global markets, and support Egypt's position as a regional hub for the automotive industry.
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