The two sides also signed a technical licensing agreement. Under these terms, MG-branded cars will be produced with a local component exceeding 45 percent.

This new plant is part of Egypt’s broader efforts to support the automotive sector through the National Strategy for Localizing the Automotive Industry, a policy initiative backed by President Abdel-Fattah El-Sisi.

Prime Minister Mostafa Madbouly highlighted that the project aligns with the Egyptian government’s strategy to strengthen the local automotive industry and boost its export capacity.

"This project is one of the largest investments in Egypt’s automotive sector," said Kamel El-Wazir, deputy prime minister for industrial development and minister of industry and transport.

He added that a 126,000-square-metre plot of land, designated for industrial investment, has been allocated under the usufruct system in the logistics area of New October City for Al-Mansour Automotive Group. This land will be used to establish a factory for manufacturing cars and various modes of transportation, including MG cars, owned by China’s SAIC Motor.

He clarified that Al-Mansour Automotive Group plans to begin production in the second quarter of 2026, with an initial capacity of 50,000 units.

The company aims to double this capacity in the second phase to 100,000 units annually, with a local content exceeding 45 percent.

El-Wazir further explained that the factory would encompass several production units, including an 8,000-square-metre body shop, a 12,000-square-metre paint shop built to the latest international standards, a 10,000-square-metre general assembly workshop, utility and administrative buildings, and a 5,000-square-metre covered warehouse.

He added that the project is expected to create 10,000 direct and indirect job opportunities, offer significant training and development prospects for new professionals in the Egyptian market, and contribute to sustainable economic growth.

Notably, Al-Mansour Automotive Group acquired exclusive distribution rights for MG in 2018 as part of a strategic partnership between the two companies. In just a few years, the group elevated the MG brand to the top of Egypt’s passenger car sales, supported by the largest network of service centres and spare parts within the group.

Founded in 1975 by the late Loutfy Mansour, Al-Mansour Automotive has become a leading automotive distributor in Egypt and the region. It forms strong partnerships with global brands, such as GM, Isuzu, Stellantis, and SAIC, while prioritizing innovation, community support, and the continuous development of its workforce to remain a trusted and successful player in the automotive industry.

SAIC Motor Corporation, founded in 1955, is one of China’s largest automakers.

In 2023, it sold 5.02 million vehicles, ranked 93rd on the Fortune Global 500, and had revenue of $105.2 billion. To maintain its leadership in the automotive industry, the company is focused on global expansion, innovation, and transformation.

In 2023, it sold 5.02 million vehicles, ranked 93rd on the Fortune Global 500 and achieved revenues of $105.2 billion. To maintain its leadership in the automotive industry, the company is focused on global expansion, innovation, and transformation.