KAMAZ has agreed to supply 1,000 trucks to Egypt amid falling sales. This was reported by the Biznes Online portal.
The agreement was reached during a meeting between the authorities of Tatarstan and representatives of Egypt at the Government House of the Republic of Tatarstan. The talks involved KAMAZ Director General Sergey Kogogin and Director of the Vehicle Department of the Egyptian Armed Forces Mohamed Abdelfatah Mohamed Abu Bakr. The contract details have not yet been disclosed.
KAMAZ has been cooperating with Egypt since 1981. During this time, the automotive giant has supplied more than 1,200 trucks, which is comparable to the volume of the new contract. Expanded forms of cooperation were previously considered: opening an assembly plant in 2007, supplying buses through the state holding El Nasr Automotive Manufacturing Company in 2012, and creating a sales and service center in 2015, but the projects were not implemented.
In 2025, KAMAZ reported a multibillion-ruble loss: it increased 11-fold, from 3.35 billion to 37.03 billion rubles. Revenue fell by 2.5% to 315.2 billion rubles, gross profit dropped almost 32-fold to 757 million rubles, and the loss from sales amounted to 22.9 billion rubles versus a profit of 909 million rubles a year earlier.
In February 2024, KAMAZ published its development strategy through 2030: revenue was expected to reach 436 billion rubles by 2025 and 806 billion rubles by 2030, the export share was planned at 16%, and EBITDA at 9%. The new contract with Egypt could support the automotive giant amid declining sales.