20 Hrs
Source:
أخبار الصين
Chinese Tire Firms Boost Egypt Investments
Chinese tire companies are approaching significant expansion of their investments in Egypt. Shandong Linglong announced a $270 million investment to establish a factory in Alexandria that will produce 6 million tires annually, part of a wave of investments exceeding approximately $6 billion since the beginning of the year. The Sailun Group plans to raise its investments to $1.7 billion with operations expected to commence this year. Meanwhile, other companies are investing in the production of basic materials such as silica and carbon black, aiming to relocate parts of their manufacturing operations to Egypt and benefit from its strategic location and commercial incentives. Additionally, the Egyptian automotive market saw a 70% increase in sales in 2025, with projections indicating that tire production capacity in Egypt will rise by more than 20% in 2026.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)