New USD 33.3 Million Auto Parts Factory Will Be Built in Egypt

Japan-based car parts supplier Yazaki will build a USD 33.3 million auto parts factory in Fayoum.

Covering a 70,000-square metre area, construction on the factory is expected to begin in October 2023 and conclude in December 2024.

Yazaki has 140 global units across 45 countries, manufacturing electric wire harnesses, car components and electric systems, with annual sales of around USD 13.81 Billion. Meanwhile, earlier this year, global automotive companies Nissan, General Motors, and Stellantis have invested up to USD 145 million in Egypt’s auto industry.