Egypt partners with China to build $135 mln car plant

The two sides also signed a technical licensing agreement. Under these terms, MG-branded cars will be produced with a local component exceeding 45 percent.

This new plant is part of Egypt’s broader efforts to support the automotive sector through the National Strategy for Localizing the Automotive Industry, a policy initiative backed by President Abdel-Fattah El-Sisi.

Prime Minister Mostafa Madbouly highlighted that the project aligns with the Egyptian government’s strategy to strengthen the local automotive industry and boost its export capacity.