Billionaire Mohamed Mansour to open $150 million auto plant in 2027 as Egypt races to become regional automotive manufacturing hub

Business Insider AfricaAdekunle Agbetiloye · 4 November 2026 at 16:28

Egyptian billionaire Mohamed Mansour’s automotive business is targeting the first quarter of 2027 to complete construction of a $150 million electric vehicle manufacturing plant in 6th of October City, as the country steps up efforts to establish a domestic automotive industry.
— Business Insider Africa

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