{"id":83463,"date":"2024-12-31T00:00:00","date_gmt":"2024-12-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/31\/egypts-al-mansour-group-to-build-a-new-usd-135-mn-car-manufacturing-factory\/"},"modified":"2024-12-31T00:00:00","modified_gmt":"2024-12-31T00:00:00","slug":"egypts-al-mansour-group-to-build-a-new-usd-135-mn-car-manufacturing-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/31\/egypts-al-mansour-group-to-build-a-new-usd-135-mn-car-manufacturing-factory\/","title":{"rendered":"Egypt\u2019s Al Mansour Group to build a new USD 135 mn car manufacturing factory"},"content":{"rendered":"

Al <\/strong>Mansour to manufacture MG vehicles in Egypt<\/strong>:<\/strong> Egypt\u2019s Al Mansour Automobile Group and Chinese state-owned automobile manufacturer SAIC Motor have inked an agreement to build a USD 135 mn factory to manufacture MG vehicles in the New October Industrial Zone, according to a statement<\/a>. The move aims to boost local vehicle production by 45% as well as increase export capacity.<\/p>\n

Land + licenses secured: <\/strong>Egypt\u2019s Transport Ministry inked a land usufruct agreement with Al Mansour Auto, granting it a 126k sqm plot in New October City for its factory. SAIC also inked an agreement granting Al Mansour Auto the technical license to produce MG cars in Egypt. <\/p>\n

The details:<\/strong> The factory will have a production capacity of 50k units annually during its first phase and its production capacity is set to double during its second phase. The project is set to kick off production in 2Q 2026 and will have a local component ratio exceeding 45%. <\/p>\n

EVs will not be prioritized in the short-term: <\/strong>The factory will mainly produce the MG5 Sedan model, but Al Mansour has future plans to begin manufacturing four-wheel drive vehicles and EVs, according to a separate statement<\/a>. <\/p>\n

A confirmation after weeks of unconfirmed reports: <\/strong>The news follows weeks of unconfirmed reports regarding the partnership, the factory<\/a>, and the land usufruct agreement<\/a>. Last we heard, the annual production capacity and the land allotments for the factory were much lower than the official announcement, with 15k units for production and 21k sqm for the factory\u2019s area. <\/p>\n

A long time coming: <\/strong>The two have been working together<\/a> for some time now, with Al Mansour securing the rights to be MG\u2019s exclusive distributor in Egypt back in 2018. Just a year after this, we first heard about Al Mansour Automotive\u2019s plans to produce MG-badged vehicles in partnership with MG Motor parent company SAIC.<\/p>\n

While Chinese automotives have been making moves in Egypt:<\/strong> Chinese automotive and truck manufacturer Great Wall Motors (GWM) is reportedly<\/a> inching closer to setting up a factory to produce vehicle and spare parts in Egypt\u2019s Suez Canal Economic Zone.<\/p>\n","protected":false},"excerpt":{"rendered":"

The facility is set to be operational by 2Q 2026.<\/p>\n","protected":false},"author":1,"featured_media":83464,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45],"tags":[248,49,44,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-china","tag-egypt","tag-investment-watch","tag-zones","wpautop","entry"],"acf":{"mongo_id":"c0762b64-8857-4444-9eb4-e63289abfee0","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/2620.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s 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