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السويس بلدي
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Industry Minister reviews Tire Company expansion
A major national Chinese tire company has outlined its expansion plan in the Egyptian market, which requires an investment of $550 million to establish a new factory in Alexandria for the production of heavy-duty vehicle and engineering equipment tires. The plant is expected to commence production in 2028 and will create approximately 1,600 direct jobs. The Minister of Industry confirmed the ministry's support for the project and easing of legal procedures, with an emphasis on manufacturing passenger car tires to reduce imports and deepen local manufacturing. The company also committed to diversifying its products and increasing reliance on solar energy.
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