A new tire plant is planned to be built in Egypt

The Egyptian government plans to announce a tender for the construction of a tire manufacturing plant for passenger and light commercial vehicles, with projected investments of around $500 million. The project aims to meet domestic market demand and reduce reliance on imports, according to Asharq Bloomberg. 

It is noted that around 8 million tires worth approximately $1.25 billion are imported into Egypt annually. Currently, the country has no local production of passenger or commercial vehicle tires; existing factories mainly produce tires for trucks, as well as for two-wheeled vehicles and tuk-tuks.

The new plant is planned to be built in the city of El-Shorouk (El-Ashir min Ramadan) through a partnership with the private sector, and the project will be overseen by the Ministry of Military Production. 

Currently, a plant that will also produce passenger car tires is being constructed in Egypt by the Chinese company building Sailun. 

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