Yesterday, SAIC Motor and Egypt's Mansour Group signed a strategic cooperation agreement at the Egyptian Cabinet headquarters in the New Administrative Capital. The signing ceremony was witnessed by Egyptian Prime Minister Mostafa Madbouly. This partnership marks the start of local production and assembly of MG vehicles in Egypt, demonstrating SAIC Motor's commitment to the Belt and Road Initiative and its strategy to expand in global markets through open and collaborative efforts.
SAIC Motor has been steadily advancing its international presence. The company has built a comprehensive global value chain that includes R&D, manufacturing, marketing, supply chain, and financial services. Currently, its products and services are available in over 100 countries and regions worldwide. In 2023, SAIC's overseas sales reached 1.2 million units, establishing its first market with annual sales exceeding 200,000 vehicles (Europe) and five markets surpassing 100,000 vehicles each. MG, one of SAIC's key brands, has been the top Chinese car export brand for five consecutive years and ranks in the top five in the GCC region.
At the signing ceremony, Zhao Aimin, Party Secretary and Vice General Manager of SAIC International, said:
“Egypt is the first Arab and African country to establish diplomatic relations with China. Our partnership has deep historical ties, strengthened by the ancient Silk Road. This new collaboration with Mansour Group will bring the next-generation MG5 to life at their new greenfield factory. In the future, we plan to introduce more SUVs and new energy vehicles, including fully electric and hybrid models, to meet the diverse needs of Egyptian consumers and provide greener, smarter transportation options.”
Mansour Group Chairman Mohamed Mansour expressed his enthusiasm for the collaboration, saying:
“Investing in automotive manufacturing is vital for the growth of Egypt's car market. Partnering with SAIC Motor, a leading Chinese automotive company, gives us an unprecedented opportunity. SAIC's advanced technology and extensive experience will significantly enhance Egypt’s automotive industry in production, technology, and innovation, driving industrial growth and fostering technology transfer.”
According to the agreement, Mansour Mobility and Manufacturing (MMM), a subsidiary of Mansour Group, has successfully signed a land lease agreement with the Egyptian Authority for Land and Dry Ports. The plan is to build a modern automotive manufacturing plant in the newly developed October 6th Industrial Zone. The new factory will have an initial annual production capacity of 50,000 units, with plans to double to 100,000 units in the second phase. The facility aims for a localization rate exceeding 45% and will include a state-of-the-art 8,000-square-meter body shop, a 12,000-square-meter paint shop, a 10,000-square-meter assembly line, as well as offices and storage facilities to ensure efficient operations.
This partnership highlights SAIC Motor’s technological and branding strengths, contributing to the modernization and scaling up of Egypt’s automotive industry. The project aligns with the Egyptian government’s goals to boost local manufacturing and enhance export capabilities, while positioning Egypt as a competitive player in the global automotive market. For SAIC Motor, this initiative represents another milestone in its international expansion, strengthening its influence in overseas markets.
