Orascom Industrial Parks has signed a USD 63.9 million (EGP 3 billion) agreement with China’s Guide Automotive Technology to develop a manufacturing complex for electric vehicle (EV) technologies and water desalination equipment in Ain Sokhna Industrial Zone, according to a statement by the Suez Canal Economic Zone.
The 70,000-square-metre complex will be developed in three phases and is expected to generate around 1,000 jobs. It will manufacture EVs, batteries, and water purification and desalination membranes, supporting Egypt’s push to localise advanced industrial technologies and reduce import dependence.
The first phase, with investments of up to USD 13.6 million, will focus on producing two-, three-, and four-wheeled electric vehicles. The second phase will manufacture lithium-ion batteries for both locally assembled and export-oriented EVs, while the third phase will produce reverse osmosis membranes for water purification and desalination, strengthening environmental sustainability efforts.
Guide Automotive Technology is a subsidiary of Guide Group, founded in 2009 and active in more than 120 countries, with a core focus on sodium-ion battery technologies and their industrial applications.
Officials said the project aligns with Egypt’s broader economic development narrative, which prioritises industrial growth, foreign investment, green transition, and export expansion. It also supports Egypt’s National Climate Strategy 2050, as the country scales up clean energy, electric mobility, and desalination capacity to address energy diversification and mounting water scarcity challenges.
