Egypt grants golden licence for MAC’s EGP 6.3b automotive plant

Egypt’s Cabinet on Wednesday granted the golden licence to MAC for Mobility Manufacturing to build a 6.3 billion-pound factory producing cars, buses, and light vehicles, supporting the government’s plan to expand domestic automotive production.

The project, located on a 30-feddan plot next to the Sixth of October Dry Port in New October City, Giza, will produce passenger vehicles, light and medium trucks, micro and midi buses up to 25 seats, and larger buses up to 50 seats. It will also manufacture vehicle components, spare parts, tires, interior entertainment systems, and operate a modern integrated painting facility.

The project is expected to strengthen domestic supply chains, reduce import dependence, and support the government’s green economy initiatives by promoting electric vehicles and eco-friendly manufacturing technologies.

The factory is projected to generate 1,000 jobs and export at least half of its output, boosting Egypt’s foreign currency earnings and regional competitiveness. Completion is targeted for early 2027, with a local content ratio starting at 42 per cent and a five-year production goal of 50,000 vehicles, aligning with state efforts to deepen local manufacturing.

Attribution: Amwal Al Ghad English