China National Tire to invest $550m in Egypt expansion

Egypt’s Minister of Industry met with China National Tire & Rubber executives to discuss a $550 million tire plant project in Alexandria.

Egypt’s Minister of Industry Khaled Hashem met with China National Tire & Rubber Corporation executives, led by Chairperson Wang Jianjun, on June 9. The company plans to build a new facility in Alexandria’s Amreya district through Prometeon Tyre Egypt, adding capacity for 1.5 million tires annually for trucks and agricultural equipment.

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Egypt's Industry Minister Khaled Hashem joined the opening of the 32nd Arab Fertilizer Association conference today under Prime Minister Mostafa Madbouly's patronage. The country's chemical and fertilizer exports reached $9.4 billion in 2025. The event centered on environmental sustainability and food security.

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Egypt's Prime Minister Mostafa Madbouly inaugurated and inspected several industrial projects in Alexandria's Borg El Arab zone on Sunday.

Egypt’s Ministry of Health has held talks with a US pharmaceutical company to discuss investment in healthcare and drug manufacturing. The meeting aims to attract foreign capital and boost local production capacity.

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Egypt’s Minister of Industry Khaled Hashem met with Japan’s Ambassador to Egypt Iwai Fumio to review current Japanese investments and explore expansion opportunities. The meeting, attended by Assistant Minister for International Cooperation Ahmed Maghawry, underscored bilateral ties elevated to a strategic partnership in 2023. Discussions emphasized cooperation in industry, technology, and sustainable development.

Egypt produces around 1.1 million tonnes of methanol annually, meeting domestic industrial demand while exporting surplus to global markets, Minister of Petroleum and Mineral Resources Karim Badawi said. Badawi spoke at the general assembly meeting of Methanex Egypt to approve its 2025 financial results, highlighting the company’s role in supporting local industries.

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