Egyptian industrial group Mobica is rolling out a two-pronged growth strategy, investing heavily in its core manufacturing operations while simultaneously launching a new fund to tap into high-growth global technology sectors.
Quick Facts
- $20 million manufacturing investment by the end of 2026.
- New production lines for plastics and automotive materials.
- $10 million ETF targeting AI and robotics launched.
Deepening Roots in Egypt’s Automotive Sector
Mobica Group has allocated $20 million for a major expansion of its manufacturing capabilities, set to be completed by the end of 2026. In an interview with Asharq Business, Chairman and CEO Mohamed Farouk confirmed that half of this investment will fund new production lines for plastics and automotive upholstery materials.
This move follows a period of strong performance, with the company reportedly doubling its production in the first half of the year compared to the same period in the previous year. By boosting its output, Mobica aims to dedicate its local production to supplying domestic vehicle manufacturers, a strategy that aligns with Egypt’s national push to strengthen its local automotive supply chains.
A Strategic Play in Global Tech
Beyond its industrial base, Mobica is also making a significant move into technology investment. Farouk announced the group will launch a $10 million exchange-traded fund (ETF) through its Swiss subsidiary.
The fund is designed to give the company exposure to several of the world’s most dynamic technology fields. Its investment targets include companies in artificial intelligence, semiconductors, humanoid robotics, autonomous vehicles, space launch technologies, and space data. This initiative signals a clear intent from the established manufacturer to diversify its revenue and participate in sectors poised to drive future economic growth.
About Mobica
Founded in 1976 as a furniture manufacturer, Mobica has evolved into a diversified industrial group. Its operations now include the production of automotive components such as car glass and seat upholstery, supplying key parts to the local automotive industry.
Source: Waya
