Chairman of the Suez Canal Economic Zone (SCZone), Waleed Gamal El-Din, attended on Wednesday the groundbreaking ceremony for Long March Tyres (Egypt) Co. Ltd., a subsidiary of China’s Chaoyang Longmarch Tyre Co., Ltd.
The project is located within the TEDA Egypt industrial zone in Ain Sokhna. The ceremony was attended by Suez Governor Hani Rashad, TEDA Egypt CEO Cao Hui, Long March Chairman Jin Yongsheng, and SCZone officials.
The factory will be built on an area of about 200,000 square metres. Total investments are estimated at $190 million, or around EGP 9.5 billion. The project is expected to create 1,500 jobs.
The factory will be developed in two phases. The first phase will produce 600,000 truck and bus tyres annually. After the second phase, production capacity will reach one million truck and bus tyres and 4.5 million passenger car tyres per year.
Gamal El-Din said the project strengthens SCZone’s growing industrial base.
He added that it reflects the zone’s success in attracting high-value investments, especially in the automotive sector.
He noted that Long March is the first project on TEDA Egypt’s new expansion area, agreed in 2025. The entire 2.8 million-square-metre area has already been contracted.
SCZone currently hosts more than 210 operating factories and 180 factories under construction. It has attracted $16 billion in investments over the past four years, including more than $7 billion during fiscal year 2025/26.
Long March Chairman Jin Yongsheng praised SCZone’s business environment.
He said the project will support the company’s expansion plans and help serve local and regional markets.
