Sailun Group to build $1B tire plant in Suez Canal Economic Zone, Egypt

China's Sailun Group and the China-Egypt TEDA Suez Economic and Trade Cooperation Zone signed a contract to build a tire factory in the Suez Canal Economic Zone. The $1 billion investment will produce 10 million tires annually, with the first phase due in 2026.

“The project aligned with his country's strategy to localize the automotive industry and manufacturing supply chains.”al-monitor.com

• 1 source
• al-monitor.comChina expands auto investment in Egypt with $1B Suez tire plant - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012Jack DuttonAug 13, 2025

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