In a significant boost to North Africa’s industrial push, Egypt has signed a $123 million agreement with Chinese automaker Jetour to locally assemble and manufacture vehicles in partnership with the Cairo-based El-Kasrawy Group.
The deal, formalized in the presence of Prime Minister Mostafa Madbouly at the Cabinet headquarters in the New Administrative Capital, will pave the way for the production of Jetour’s T1 and T2 models on Egyptian soil. Officials hailed the agreement as a milestone in Egypt’s vision to anchor itself as a key automotive hub in Africa and the broader Middle East.
“This is more than a business deal—it’s a strategic leap in localizing high-value industries,” said Madbouly, adding that Egypt’s ongoing reforms and investor-friendly policies have created fertile ground for global partnerships in manufacturing.
The agreement also signals Egypt’s intention to tap into global supply chains. El-Kasrawy Group chairman Mohamed El-Kasrawy confirmed that, in addition to domestic production, the venture will include the export of Jetour vehicles to select international markets—positioning Egypt as a springboard for regional automotive trade.
A state-of-the-art manufacturing facility will be built in the industrial zone of 6th of October City, covering 86,000 square metres. The plant will feature three dedicated production lines—welding, painting, and final assembly—and is projected to create roughly 1,500 jobs. Once operational, it will serve both local and export markets, reinforcing Egypt’s push for industrial diversification.
As part of the launch, El-Kasrawy unveiled the first locally assembled model under the new agreement—the Jetour X70 Plus. With a planned annual production capacity of 5,000 units, the vehicle represents the flagship of Egypt’s next chapter in automotive production. Prime Minister Madbouly inspected the prototype before the formal signing.
The Egypt–Jetour partnership adds to a growing list of international collaborations aimed at bolstering Africa’s industrial base through innovation, infrastructure, and local job creation.