Wazir said the project delivers on the second pillar of the government’s urgent industrial recovery plan, focused on widening the industrial base, raising exports and substituting imports by adding new capacity aimed at global markets. He said LEONI has proven over 27 years to be a reliable industrial partner, now operating 14 plants across Egypt — nine in Nasr City, three in Badr and two in Assiut — with a total footprint of 200,000 sqm and more than 6,000 direct employees. The opening of its 15th facility, he added, reflects the company’s confidence in Egypt’s economy and workforce.

The minister said auto-components manufacturing is one of Egypt’s most promising industrial sectors, central to deepening local value chains, expanding exports and attracting foreign investment. He noted the national auto-components development program is designed to shore up industrial growth in line with Egypt’s 2030 sustainable development strategy.

Wazir pledged continued government support for “serious investors” through a transparent and stable business environment built on long-term partnership with the private sector.