A wave of major Chinese investments is positioning Egypt as a key manufacturing and export platform connecting Africa, Europe, and the Middle East. The latest example is China National Tire and Rubber Corporation’s $550 million expansion in Alexandria, following earlier commitments from Sailun Group and Shandong Linglong Tyre that bring total Chinese tire-sector investments to more than $3.5 billion in just over a year. The broader trend reflects Egypt’s growing appeal as a production base, supported by its location near the Suez Canal. This geographical advantage, coupled with the country’s free trade agreements with the EU and other organizations, lower labor costs, and competitive tax incentives within special economic zones, makes it an attractive investment destination. Analysts note that textiles, aluminum, logistics, and chemicals sectors are following similar patterns, suggesting Egypt is building a durable export-oriented industrial base.
IOL
