This morning, at the government headquarters in the New Administrative Capital, Dr. Mostafa Madbouly, Prime Minister, witnessed the signing ceremony of the contract to establish the Chinese Sailun Group factory to manufacture various types of automatic tires. The ceremony was attended by Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone. It's worth noting that the Sailon Group is one of the largest Chinese industrial entities in the automotive tire and vehicle manufacturing sector. It owns factories in China and Vietnam, with a total production capacity exceeding 26.6 million TBR tires, 88 million PCR tires, and 310,000 tons of OTR tires annually. It also has a sales and logistics base spanning more than 180 countries and regions around the world. The group's planned factory in the Suez Canal Economic Zone will serve as a central regional manufacturing base to meet the needs of the local and neighboring markets.