Dr. Mostafa Madbouly, Prime Minister of Egypt, attended by his Deputy for Industrial Development and Minister of Industry and Transport, Lieutenant General Engineer Kamel El Wazir, and Dr. Hassan El Khatib, Minister of Investment and Foreign Trade, at the Cabinet headquarters in the New Administrative Capital, witnessed the signing of an exclusive technical license agreement between Al Mansour Group and the Chinese company SAIC Motor to manufacture MG cars in Egypt. The agreement was signed by Mr. Ankush Arora, CEO of MC Transport, and Mr. Emin Zhao, Vice Chairman of SAIC Motor. The Ministry of Transport and Al-Mansour Group also signed a usufruct land allocation contract to build the factory, with investments totaling $135 million. The contract was signed by Eng. Sayed Metwally, Chairman of the General Authority for Land and Dry Ports, and Ankush Arora, CEO of MAK Transport Manufacturing. Representatives from Al-Mansour Automotive Group, headed by Eng. Yassin Mansour, Member of the Board of Directors of Al-Mansour Automotive Group, and Ankush Arora, CEO of the group, also attended the signing. Representatives from SAIC Motor China included Emin Zhao, Vice President of SAIC Motor International, and Zhou Chao, President of the company's Africa Division. The Deputy Prime Minister for Industrial Development and Minister of Industry and Transport affirmed that today's signings are part of the state's efforts to maximize investment returns in transportation infrastructure by attracting global investments to build a development system within a comprehensive economy, creating job opportunities and an integrated development complex that includes industrial, investment, and logistical activities, as well as dry ports, forming the core of an integrated urban economic community that maximizes the integration of investment activities. This, in turn, creates an urban hinterland that relies on providing job opportunities near housing to reduce demand for transportation, reduce fuel consumption, and maximize transportation using sustainable means and methods, including railways. He added that the state is keen to provide an attractive investment climate based on important pillars, including facilitating and simplifying procedures to gain investor confidence in the Egyptian state, and providing investment infrastructure, including a sustainable transportation system and various facilities with a distinguished level of service that achieves sustainable investment activity. This is within the framework of a comprehensive plan through the integration of all state institutions to achieve the political leadership's vision to advance the Egyptian state by creating job opportunities, providing hard currency to meet strategic needs, bridging the export-import gap, and raising GDP rates to achieve economic stability and confront global changes that negatively impact the social lives of Egyptian citizens. He pointed out that the signing of an exclusive technical licensing agreement with the Chinese company SAIC Motor—the parent company of MG Motor and the leading car company in China—to manufacture MG cars in Egypt comes within the framework of the directives of His Excellency President Abdel Fattah El-Sisi to advance the industrial sector in Egypt and work to localize various industries with the aim of transforming Egypt into a regional industrial hub and maximizing cooperation with the international and local private sector. He also noted that it is considered an important step towards strengthening and developing the automotive industry in Egypt. The project is one of the largest investments in the automotive industry in Egypt, and comes within the framework of supporting the Egyptian government's strategy to promote the local automotive industry and increase export capacity. The project is expected to contribute to the creation of 10,000 direct and indirect job opportunities. It also offers a real opportunity to train and qualify new cadres for the Egyptian market, contributing to the country's sustainable economic development. The project reflects a strategic step toward meeting the needs of the local automotive market and enhancing Egypt's ability to expand exports to global markets.

Al-Mansour Automotive Group plans to begin production during the second quarter of 2026, with a production capacity of up to 50,000 units in the first phase. Production will then double in the second phase to 100,000 units annually, with a local component ratio of over 45%. The factory will include various units for automotive manufacturing, including an 8,000 square meter body shop, a 12,000 square meter paint shop designed to the latest international standards, a 10,000 square meter general assembly shop, a facilities building, and an administration building. The factory will also include a 5,000 square meter covered warehouse. Lieutenant General Kamel El-Wazir indicated that regarding the signing of a land usufruct contract to build a factory for the Mansour Automotive Group in the industrial zone in New October City between MAK Transportation Manufacturing Company, the new industrial arm of the Mansour Automotive Group, and the General Authority for Land and Dry Ports and Logistics Zones, a plot of land has been allocated for industrial investment activity, covering an area of ​​126,000 square meters, under the usufruct system, in the logistics zone in New October City for the benefit of the group. The land will be used to manufacture cars and various transportation vehicles, including MG vehicles from the Chinese company SAIC. He noted that this signing comes within the framework of reaping the fruits of national road projects, sustainable green transportation projects, and the development of sea and land ports and logistics hubs, which achieve integration and sustainability, attract investment, maximize the added value of the country's land use, provide an environment conducive to foreign and local investment, create sustainable job opportunities, and place Egypt on the global competitiveness map in all fields. He noted that most international companies are keen to operate in Egypt, given its promising investment climate, the availability of skilled labor and various production components, as well as Egypt's distinguished location. For his part, Sir Mohamed Mansour, Chairman of the Board of Directors of Mansour Automotive Group, commented that investment in the automotive industry has become a mandatory priority to achieve the desired growth of the automotive market in Egypt, and that cooperation with major Chinese automotive companies such as SAIC increases