China’s Himile Group, a leading player in the tire manufacturing industry, is planning to invest $100 million to establish a new factory in Egypt dedicated to the production of tire molds and industrial components.

 Mohamed Farid, Minister of Investment and Foreign Trade, met with Arian Kai, CEO of Himile Group, to discuss the company’s plans to position the facility as a regional hub for manufacturing and exports to global markets.

 Himile intends to launch the project as a first-phase foreign direct investment valued at $100 million. The factory will span approximately 100,000 square meters and will feature an advanced production line for tire molds.

The project’s timeline targets official establishment during the first half of 2026, with the facility serving as a strategic export center to the Middle East, Europe, and the Americas, while also meeting local market demand.

 The move is expected to strengthen Egypt’s position as a regional hub for automotive feeder industries.

Minister Farid reaffirmed the ministry’s commitment to providing full support to the group, particularly in land allocation and procedural facilitation, alongside continuous follow-up to ensure smooth implementation.

He highlighted that the project aligns with Egypt’s ongoing large-scale industrial expansion, contributing to stronger industrial value chain integration.

Discussions also covered opportunities to deepen supply chains and enhance local industrial integration, especially in sectors such as wind energy and marine engineering.

 These efforts are consistent with Egypt’s strategy to increase the share of renewable energy in its overall energy mix.

Farid emphasized the importance of investing in technical training and professional qualification to support the project.

 He noted the government’s readiness to coordinate with relevant authorities to provide specialized training programs, ensuring the preparation of qualified Egyptian talent capable of absorbing advanced technologies and transferring industrial expertise.

For his part, Arian Kai confirmed that the company aims to establish a strong industrial base in Egypt to serve both regional and global markets, and expressed the group’s willingness to explore additional investment opportunities in priority sectors.