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Al Mansour Automotive broke ground on its USD 150 mn MG manufacturingplantin Sixth of October, according to a statement from the Industry Ministry. The 55k sqm factory, developed in partnership with China’s SAIC, will manufacture eco-friendly vehicles.
The details: During its first phase, the plant will produce 50k cars a year and create 6k-10k jobs. Annual capacity will reach 100k vehicles within five years of operation.
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REMEMBER- SAIC inked an agreement granting Al Mansour Auto the technical license to produce MG cars in Egypt back in December 2024. The factory is set to begin production in 3Q 2026, producing the MG5 Sedan model. Al Mansour has future plans to begin manufacturing four-wheel drive vehicles and EVs at the plant.
Al Mansour has another auto project up its sleeve: The company is also setting up a USD 10 mn vehicle filter production facility as part of its efforts to localize auto feeder industries.
An auto manufacturing city? The Industry Ministry aims for this new factory to serve as a basis for a future automotive city that will host vehicle production and feeder industries, Industry Minister Kamel El Wazir said. To get there, the Madbouly government needs to introduce legislative amendments and incentives to attract investors, supported by the Supreme Council for Automotive Industry and the Environmentally Friendly Vehicle Industry Financing Fund, El Wazir said. It will also focus on strengthening local and international private-sector partnerships to manufacture automotive components in Egypt.
Incentives are already in place: The revamped seven-year Automotive Industry DevelopmentProgram kicked off in July with the goal of attracting more investments and deepening the localization of the sector. Under the program, makers of vehicles costing no more than EGP 1.25 mn for consumers can receive up to EGP 150k in incentives in the form of tax and customs deductions.
