# Egypt approves $291 million tire manufacturing project in SCZone

The Ministerial Group for Industrial Development approved a tire manufacturing project worth $291 million in the Suez Canal Economic Zone.

- Type: Investment
- Announced: 2026-01-20
- Where: Suez Canal Economic Zone, Egypt
- Value: $291.0M
- Status: announced
- Products: tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [General Authority for Suez Canal Economic Zone](https://endata.com/companies/89762.md)

## Sources

- [english.ahram.org.eg](https://english.ahram.org.eg/NewsContent/3/12/560825/Business/Economy/Egypt-approves--bln-in-new-chemical,-tire-manufact.aspx), 2026-01-20: "The second approved project is a tire manufacturing project worth $291 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.