CAIRO, July 3 – China’s Zenith Steel Group, a subsidiary of Zhongtian Group, has signed an agreement to establish a $300 million tyre-components manufacturing facility in the China-Egypt TEDA Industrial Zone in Sokhna, located within Egypt’s Suez Canal Economic Zone (SCZone).
The project will occupy approximately 320,000 square metres in the Sokhna Industrial Zone and is expected to strengthen Egypt’s position as a regional manufacturing and export hub for advanced engineering products.
According to SCZone Chairman Walid Gamal El-Din, the facility will include advanced production lines capable of producing 120,000 tonnes of steel cord used in tyre manufacturing each year, alongside an annual capacity of 50,000 tonnes of bead wire, both key components in tyre production.
Around 30% of the plant’s output is expected to be exported to markets across the Middle East, Europe and the Americas, supporting Egypt’s strategy to expand industrial exports and increase value-added manufacturing.
Commenting on the project, Walid Gamal El-Din said it is expected to strengthen industrial integration within the China-Egypt TEDA Industrial Zone by supporting existing tyre manufacturers and related industries. He added that the investment will also reinforce local supply chains, expand export capacity and contribute to the localisation of advanced technologies in Egypt’s metal manufacturing sector.
The investment forms part of Egypt’s broader efforts to attract foreign manufacturers to the SCZone, develop integrated industrial clusters and position the country as a strategic production base linking African, European and Middle Eastern markets.