In a major boost to foreign investment in Egypt’s industrial sector, Orascom
Industrial Parks (Orascom IP) has signed a strategic agreement with Guide Hong Kong, a leading
Chinese automotive technology company, to establish a new manufacturing project in the Suez Canal
Economic Zone The project, Guide Automotive Technology, will be developed within the Sokhna
Industrial Development Complex (SIDC)The agreement was finalized during an official signing
ceremony held in the New Administrative Capital, underscoring Egypt’s growing appeal as a regional
manufacturing hub
$64 Million Investment to Establish Advanced Manufacturing Facility
Under the agreement, Orascom IP has allocated a 70,000-square-meter land plot for the construction
of an integrated manufacturing facility The project is expected to create approximately 1,000 direct job
opportunities, strengthen local supply chains, and support the transfer of advanced technology to
Egypt’s industrial ecosystemGuide Automotive Technology will invest $13.6 million in the first phase
of the project, with total investments expected to reach $63.9 million by the end of the third phase
The facility will operate in three production phases, focusing on
Electric vehicle manufacturing
Lithium-ion automotive battery production
Reverse osmosis membrane manufacturing
The project is considered strategically significant for Egypt’s economy, aligning with
the country’s push to localize advanced industries and expand industrial exports
Orascom IP: Reinforcing Sokhna as a Regional Manufacturing Destination
Eng Amr El Batrik, CEO of Orascom IP, described the agreement as a “strong example” of the
company’s role in enabling industrial investment and generating sustainable economic impact
He emphasized that the partnership reflects growing confidence in Egypt’s investment climate and
reinforces Sokhna’s position as a regional destination for advanced manufacturing El Batrik also stated
that the project will be a key addition to the industrial ecosystem in Sokhna and will act as a catalyst for
further foreign direct investment (FDI)
Project Supports Egypt’s Sustainable Development and New Energy Goals
El Batrik noted that Orascom IP is committed to attracting high-value industrial investments aligned
with Egypt’s vision for sustainable development and advanced manufacturing The new project is
expected to contribute to job creation, technology transfer, and the expansion of new energy industries
in line with national priorities
Guide Hong Kong: Global Leader in Automotive Technology and New Energy Solutions
Founded in 2009, Guide Hong Kong is a global industrial leader in automotive technology, light vehicle
components, and smart equipment for new energy storage and photovoltaic solutions The company
operates in over 120 countries and regions, and is a pioneer in sodium-ion battery technology, with an
annual production capacity exceeding 5 million units
Sokhna Emerges as Preferred Manufacturing Destination
The new investment underscores the growing trend of global industrial investors choosing Egypt
particularly the Sokhna area, as a preferred manufacturing destination Egypt’s strategic location
advanced infrastructure, and investment-friendly policies continue to strengthen its position as a
regional hub for advanced manufacturing and industrial growth
