Orascom Industrial Parks and China’s Guide Automotive Technology Sign Strategic Agreement

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As part of continued momentum in foreign investment into Egypt’s industrial sector, Orascom Industrial Parks (Orascom IP) has signed an agreement with China’s Guide Hong Kong to establish a new industrial project, Guide Automotive Technology, within Sokhna Industrial Development Complex (SIDC), located in the Suez Canal Economic Zone. The agreement was signed during an official ceremony held at the New Administrative Capital.
Thispartnership comes as part of Orascom IP’s ongoing role in supporting Egypt’s industrial ecosystem and attracting value-added manufacturing investments. Under the agreement, a land plot spanning 70,000 square meters has been allocated for the development of an integrated manufacturing facility. The project is expected to create approximately 1,000 direct job opportunities, while also supporting local supply chains and facilitating the transfer of advanced technological expertise.
Guide Automotive Technology is set to invest USD 13.6 million in the project’s first phase, with total investments expected to reach approximately USD 63.9 million by the end of the third phase. The project is set to begin production in three phases, including the manufacturing of electric vehicles, lithium-ion automotive batteries, and reverse osmosis membranes. This reflects the project’s scale and strategic importance to the national economy, particularly in light of Egypt’s focus on localizing advanced industries and expanding industrial exports.
Commenting on the agreement, Eng. Amr El Batrik, CEO of Orascom IP, said the partnership represents a strong example of the company’s role in enabling industrial investment and creating sustainable economic impact, noting that the agreement reflects growing confidence in Egypt’s investment climate and reinforces Sokhna’s position as a regional destination for advanced manufacturing. He added that Orascom Industrial Parks looks forward to the project becoming a strong addition to the industrial ecosystem at Sokhna and a catalyst for further foreign direct investment.
El Batrik also emphasized Orascom IP’s commitment to attracting high-value industrial investments aligned with Egypt’s vision for sustainable development and advanced manufacturing. He highlighted the project’s contribution to job creation, technology transfer, and the expansion of new energy industries, in line with national priorities for the coming phase.
Founded in 2009, Guide Hong Kong is a global industrial leader in high-tech and advanced manufacturing, with operations across more than 120 countries and regions worldwide. The company specializes in innovative solutions for automotive technology, light vehicles and their spare parts, in addition to smart equipment related to new energy storage, and photovoltaic technologies. Guide is also a pioneer in sodium-ion battery technology and its industrial applications, with an annual production capacity exceeding 5 million units.
This project reflects the growing trend of global industrial investors choosing Egypt, particularly the Sokhna area, as a preferred manufacturing destination, supported by advanced infrastructure, a strategic location, and investment-friendly policies. These factors continue to strengthen Egypt’s position as a regional hub for industry and advanced manufacturing.