• Jetour and Egypt’s Kasrawy Group sign $123M deal for local assembly

• Plant to be built in October 6 City Industrial Zone on 86,000 sqm site

• Project supports Egypt’s goal to join Africa’s top 3 auto producers

Egypt continues its automotive industry localization plan with partnerships involving several multinationals, underpinning its ambition to become a leading car manufacturing hub in Africa.

The Egyptian Kasrawy Group sealed a strategic agreement worth $123 million on Tuesday with Chinese automaker Jetour for the local assembly of the latter’s T1 and T2 models. The partnership plans to construct an assembly plant in the industrial area of October 6 City, southwest of Cairo.

Spanning 86,000 square meters, the site will include welding, painting, and final assembly lines. The project aims to meet growing local demand, serve international markets, and reinforce Egypt’s status as an automotive manufacturing hub in Africa. The country seeks to rank among the continent’s top three producers, alongside Morocco and South Africa.

This initiative is part of a broader series of agreements recently signed by the Egyptian government under its industrial localization strategy. Amid industry-wide transformation, Egypt’s auto sector is leveraging partnerships with major global players such as Toyota, Stellantis, Nissan, Hyundai, and General Motors, while also building domestic manufacturing capacity.

As part of this strategy, Egypt is also developing its own vehicle brand, Nasr E70, with plans for large-scale production targeting local and regional markets. The government’s long-term goal is to reach an annual production capacity of 500,000 vehicles, including 100,000 for export, supporting job creation, skills transfer, and a reduced trade deficit.