Chinese automaker Jetour has inked a $123 million deal with Egypt’s Kasrawy Group to locally assemble Jetour T1 and T2 vehicles. The agreement, hailed as a milestone by Egyptian Prime Minister Mostafa Madbouly, was signed at the Cabinet’s New Administrative Capital headquarters.
The deal includes the establishment of a new state-of-the-art car assembly facility in the 6th of October City industrial zone. Spanning 86,000 square metres, the plant will include welding, painting, and final assembly lines. Kasrawy Group Chairman Mohamed El-Kasrawy confirmed the project is expected to create approximately 1,500 jobs and will target both domestic and export markets.
“This is not just a manufacturing venture, but a strategic pillar of Egypt’s long-term plan to localize vehicle production and reduce import dependency,” said PM Madbouly. He emphasized that the country’s auto strategy continues to attract global brands eager to establish regional bases.
Industry observers note that this partnership could signal Egypt’s growing attractiveness as a North African automotive hub. “Egypt’s central location and improving logistics infrastructure make it ripe for automotive investment,” said Sherif Seddik, a Cairo-based auto industry consultant. He noted that with sufficient supply chain development and regulatory incentives, local assembly operations could help the country compete with Morocco and Turkey in the export of cars and components.
At the ceremony, attended by key government and company officials including Minister of Industry and Transport Kamel El-Wazir, Jetour Global executives also announced the debut of the locally assembled Jetour X70 Plus. The initial production goal is 5,000 vehicles annually, with potential for future expansion.
Exclusive to the forum, sources at Kasrawy confirmed ongoing discussions with other Chinese EV makers considering similar investments, particularly if Egypt finalizes its national electric mobility framework later this year.
This move follows a series of automotive deals signed by Egypt in recent months, part of a broader drive to transform the country into a regional production and export center, while providing thousands of new jobs in manufacturing and related sectors.
