Egypt to Launch Sovereign Industrial Fund and Position Itself as a Regional Automotive Manufacturing Hub
Egypt is preparing to launch a sovereign fund dedicated to supporting the industrial sector and attracting international manufacturers, as the government intensifies efforts to transform the country into a regional automotive production hub, according to Hassan El-Khatib, Minister of Investment and Foreign Trade.
Speaking at the opening of the Al-Ahram Commercial Vehicles Exhibition 2026, El-Khatib said the government has adopted a comprehensive strategy aimed at deepening local manufacturing, increasing exports, and integrating Egyptian industry into global supply chains.
He described the exhibition as an important platform bringing together industry leaders and specialists to discuss the future of commercial vehicle manufacturing, which he said represents one of the strategic industries capable of enhancing national industrialization and strengthening the competitiveness of the Egyptian economy.
The minister noted that the automotive sector has significant potential to increase local value addition and boost exports, stressing that Egypt possesses the necessary capabilities to become a regional automotive manufacturing center serving African, regional, and global markets.
According to El-Khatib, the government’s strategy goes beyond vehicle assembly and focuses on increasing local content, expanding domestic manufacturing capabilities, and establishing an integrated industrial ecosystem.
He revealed that a new sovereign industrial fund will be launched soon to support the sector and facilitate the expansion plans of global companies investing in Egypt.
El-Khatib emphasized that both the public and private sectors are key partners in driving industrial development and increasing investment levels, adding that responsibility for attracting and expanding investments is shared by all stakeholders.
“Our objective is to position Egypt as a production and export base from which Egyptian-made products can reach African and international markets,” he said.