Egypt has approved a $300 million tyre manufacturing plant by Prometeon Tyre Group, marking another major step in the country’s drive to localise automotive manufacturing and expand export-oriented industry.
The project received formal approval in mid-December 2025 during a session of the Ministerial Group for Industrial Development, chaired by Kamel El-Wazir. While the exact free-zone location has yet to be disclosed, officials confirmed the facility will be developed under Egypt’s special economic zones framework.
Industry sources expect construction to begin in 2026, with commercial operations likely to start within two to three years, in line with comparable large-scale industrial projects. Initial production will focus on tyres for heavy transport vehicles, construction machinery, and agricultural equipment, with a later expansion planned into passenger car tyres.
Once operational, the plant is expected to reduce Egypt’s reliance on imported tyres, support hard-currency savings, and strengthen local automotive supply chains. The investment is also likely to stimulate downstream industries, including logistics, rubber processing, and vehicle assembly, while positioning Egypt as a regional export hub for heavy-duty tyres.
The Prometeon project follows other major investments in tyre and automotive components manufacturing, reinforcing Cairo’s broader strategy to raise manufacturing’s contribution to GDP to 20 percent and accelerate private-sector-led industrial growth under its economic reform programme.
