- Banque Misr is funding a USD 150 million vehicle factory project in Egypt.
- The plant will produce 50,000 vehicles annually starting 2027.
Banque Misr has announced a major financial commitment to support automotive manufacturing growth in Egypt. On April 16, the bank confirmed a credit facility worth EGP 2.7 billion for MAC Transportation Manufacturing Company, a subsidiary of Mansour Automotive Group. This funding is aimed at establishing a new vehicle production facility that aligns with the country’s broader industrial and economic development goals. The initiative is expected to play a key role in strengthening domestic vehicle manufacturing capabilities while contributing significantly to employment generation.
Project Scope and Investment Details
The total investment for the project is estimated at USD 150 million, reflecting a large-scale industrial expansion effort. The upcoming facility will be developed in phases, with the initial phase targeting an annual production capacity of approximately 50,000 vehicles. Construction activities are scheduled for completion in 2026, followed by the commencement of operations in the first quarter of 2027. The project is also expected to generate around 10,000 direct and indirect job opportunities, reinforcing its socio-economic impact alongside its industrial significance.
Strategic Location and Infrastructure Advantages
The manufacturing plant will be located in the new 6th of October City, strategically positioned near the October Dry Port. This location offers logistical advantages, including improved access to transportation networks and export channels. Spread across approximately 126,000 square meters, the facility is designed to accommodate large-scale automotive assembly operations. Its proximity to key infrastructure hubs enhances supply chain efficiency and supports the seamless movement of components and finished vehicles.
Flexible Manufacturing for Diverse Vehicle Segments
The plant will focus on assembling multiple vehicle categories, including sedans, SUVs, and minibuses. It is being developed with flexible infrastructure and advanced production technologies, enabling it to support both internal combustion engine vehicles and new-energy vehicles. This adaptability ensures long-term relevance in a rapidly evolving automotive landscape, where demand is shifting toward cleaner and more efficient mobility solutions. The facility’s design reflects a forward-looking approach to manufacturing, balancing current market needs with future technological transitions.
Frequently Asked Questions
What is the purpose of Banque Misr’s credit facility for MAC Transportation Manufacturing?
The credit facility provided by Banque Misr is intended to finance the construction of a new vehicle manufacturing plant in Egypt. This project aims to strengthen local automotive production capabilities while supporting economic growth. With an investment of USD 150 million, the plant will produce multiple vehicle types and create around 10,000 jobs. The initiative also aligns with Egypt’s industrial expansion strategy and supports both traditional and new-energy vehicle manufacturing.
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