Billionaire Mohamed Mansour to open $150 million auto plant in 2027 as Egypt races to become regional automotive manufacturing hub
Egyptian billionaire Mohamed Mansour’s automotive business is targeting the first quarter of 2027 to complete construction of a $150 million electric vehicle manufacturing plant in 6th of October City, as the country steps up efforts to establish a domestic automotive industry.
By Adekunle AgbetiloyeSouth Africa
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Egyptian billionaire Mohamed Mansour is investing in electric vehicles. PC: Matthew Joseph.
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About this article
- Length
- 12 words · 1 min read
- Published
- November 4, 2026
- Byline
- Adekunle Agbetiloye
- Source
- Business Insider