# Rolling Plus to build €1B tyre plant in Ain Sokhna, Egypt

Egypt's SCZONE signed a contract with Rolling Plus for chemical industries to build a €1 billion tyre manufacturing plant in Ain Sokhna, producing 7 million tyres annually and creating 1,000 jobs.

- Type: New facility
- Announced: 2023-09-20
- Where: Ain Sokhna, Suez Canal Economic Zone, Egypt
- Value: $1.07B (1.00B EUR)
- Jobs: 1,000
- Status: announced
- Capacity: 7 million tyres per year
- Products: tyres for passenger cars, light and heavy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Rolling Plus for chemical industries](https://endata.com/companies/72730.md)
- [Main Development Company for the Suez Canal Economic Zone](https://endata.com/companies/72731.md) (partner)

## Sources

- [english.ahram.org.eg](https://english.ahram.org.eg/NewsContent/3/12/508754/Business/Economy/Egypt-to-set-up-%E2%82%AC-billion-tyre-manufacturing-plant.aspx), 2023-09-20: "Egypt's Main Development Company for the Suez Canal Economic Zone (SCZONE) signed a contract with Rolling Plus for chemical industries to build a tyre manufacturing plant for passenger cars and light and heavy vehicles with €1 billion ($1.07 billion) investments in Ain Sokhna"

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