China based XinFeng Steel has announced plans to invest around USD 10 billion in Egypt to establish an integrated industrial complex dedicated to the production of automotive and large-scale industrial steel products. According to Deputy Prime Minister and Minister of Industry and Transport Kamel El-Wazir, the project could rank among the largest industrial investments in the country’s steel sector to date.
The facility is expected to be built on an area of approximately 10 million square meters, with a targeted annual production capacity of 10 million tons. The project will include large scale hot rolling lines for the production of carbon steel, low alloy high strength steel, automotive steel, steel pipes, and engineering steels.
The complex will also feature medium gauge plate lines with a width of 3,500 millimeters, enabling the production of shipbuilding plates, bridge and pressure vessel plates, boilers, and heavy structural steels. In addition, the production portfolio will include seamless pipes, pipelines, and industrial cylinders for the oil and gas sector.
The investment further covers advanced cold rolling and galvanizing units, as well as deep processing lines for automotive and household appliance steel products. The project is expected to create approximately 15,000 direct jobs and more than 85,000 indirect jobs, while supporting technology transfer and strengthening industrial value chains in Egypt.
El-Wazir emphasized that the project aligns with Egypt’s strategy to localize the automotive components industry and reduce reliance on imports. He noted that the government aims to build a strong industrial base by encouraging the use of domestic iron ore resources and directing part of the output toward export markets, adding that full support will be provided in terms of energy, water, and logistics infrastructure.
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