KAMAZ has agreed to supply 1,000 trucks to Egypt amid falling sales. This was reported by the BUSINESS Online portal.
The agreement was reached during a meeting between the authorities of Tatarstan and representatives of Egypt in the House of Government of the Republic of Tatarstan. The negotiations were attended by Sergey Kogogin, General Director of KAMAZ, and Mohamed Abdelfattah Mohamed Abu Bakr, Director of the Department of Vehicles of the Armed Forces of Egypt. The details of the contract have not yet been disclosed.
KAMAZ has been cooperating with Egypt since 1981. During this time, the auto giant has supplied more than 1.2 thousand trucks, which is comparable to the volume of the new contract. Previously, expanded formats of cooperation were considered: the opening of an assembly plant in 2007, the supply of bus equipment through the state holding El Nasr Automotive Manufacturing Company in 2012, the creation of a sales and service center in 2015, but the projects were not implemented.
In 2025, KAMAZ reported a multi-billion dollar loss: it increased 11 times - from 3.35 billion to 37.03 billion rubles. Revenue decreased by 2.5% to 315.2 billion rubles, gross profit fell almost 32 times to 757 million rubles, the loss from sales amounted to 22.9 billion rubles against a profit of 909 million rubles a year earlier.
In February 2024, KAMAZ published a development strategy until 2030: revenue by 2025 should have reached 436 billion rubles, by 2030 - 806 billion rubles, the export share was planned at 16%, and the EBITDA indicator - 9%. The new contract with Egypt may support the auto giant against the background of falling sales.