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Egypt, GS E&C explore tire, battery manufacturing

Businessmen Team سيارات 02 July 2025 10:03 PM
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Egypt, GS E&C explore tire, battery manufacturing

Engineer Mohamed Shimi, Minister of the Public Business Sector, discussed opportunities and areas of joint cooperation in several vital sectors with a delegation from the South Korean company GS E&C, a global leader in construction, engineering, and renewable energy, at the Ministry's headquarters in the Administrative Capital.

The meeting addressed the possibility and means of partnership in several fields, including renewable energy, fertilizer production, aluminum production, and tire and car battery manufacturing. The meeting reviewed the available capabilities and promising investment opportunities within the Ministry's subsidiaries, as well as the incentives provided by the state to support foreign direct investment.

Shimi stressed the Ministry's commitment to strengthening cooperation with experienced international companies, noting the importance of partnerships that contribute to technology transfer, industrial localization, and job creation, within the framework of the state's plan to support sustainable industrial development.

The GS E&C delegation expressed their aspiration to expand their business in Egypt and take advantage of its strategic location, advanced infrastructure, and promising opportunities across various sectors.