China’s GAC Motor to invest $300m in Egypt car plant

China’s GAC Motor will invest $300 million to build a vehicle manufacturing plant in Egypt, aiming to serve both domestic and export markets, Egypt’s investment authority said on Monday.

The announcement was made during a meeting between Hossam Heiba, head of Egypt’s General Authority for Investment and Free Zones (GAFI), and Guangdong Governor Wang Weizhong, who led a delegation of major Chinese firms including Midea, Oppo, ZTE, and GAC Motor.

Talks focused on a packed investment agenda for the second half of 2025, including Egypt’s participation in the World Economic Forum in Tianjin this June and a bilateral investment forum in Cairo this July, to be attended by China’s Vice Minister of Commerce, Wang Shouwen. Egypt will also take part in the China Import and Export Fair in Guangdong this October.

More than 2,800 Chinese companies currently operate in Egypt with over $8 billion in total investments. Major firms such as Oppo, Huawei, Haier, and Midea are expanding operations in sectors ranging from telecom to electronics and consumer goods.

Oppo has already established two smartphone factories in Egypt and plans to make the country its second-largest global hub. ZTE is also planning to scale up operations, citing rising demand from Egyptian telecom firms.

Heiba noted that three Chinese companies—Haier, Midea, and Sun Feng—have recently been granted “golden licences,” allowing streamlined approvals for project setup. He stressed Egypt’s push to attract investment in priority areas such as automotive, renewable energy, AI, and data centres.

Governor Wang highlighted Guangdong’s role in driving 20 per cent of China’s trade with Egypt and proposed a permanent Egyptian cultural exhibition in the province to boost tourism. He reaffirmed Beijing’s commitment to the strategic partnership with Cairo, established in 2014 as the highest tier of bilateral relations in Chinese diplomacy.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser