GB Corp., the Cairo-based automaker owned by the family of the late Egyptian auto magnate Raouf Ghabbour, plans to invest 6 million to assemble a new Hyundai model, with production set to begin in the second quarter of 2026. As Hyundais exclusive agent in Egypt, the move highlights its commitment to growing in the local automotive market.
The new assembly project comes as demand for locally produced vehicles rises, driven by currency fluctuations and a growing interest in mid- and high-end models. For GB Corp, the new assembly project continues its long-standing collaborations with global carmakers and underscores its commitment to serving the evolving needs of Egyptian drivers.
Driving Egypts auto industry