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Egypt’s military adds new factory to industrial portfolio

Egypt’s military signed a deal with a Chinese company to establish a car tire factory, further tightening its grip over the country's industrial sectors.
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CAIRO — Maj. Gen. Mohamed Said al-Assar, Egyptian minister of military production, recently announced the signing of a deal with the China POLY Group to build a factory to manufacture car tires in Egypt.

In a Dec. 14 statement, the ministry noted, “The factory aims to create millions of tires annually and open new industrial areas for the state,” stressing that the project is also geared toward decreasing imports, which reached $186 million in 2018.

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