It was founded by engineer Samy Saad and the former Daimler-Benz CEO Jürgen Erich Schrempp as a joint venture to assemble vehicles of the Mercedes-Benz brand.

As of 2015, following the political and economic turmoil in Egypt, assembly of Mercedes-Benz passenger cars has ceased.

The brake discs machining plant started operation in 2002, basically covering the local content requirements for locally assembled vehicles, as well as minor spare parts supply to Daimler AG in Germany.

In 2010, the plant expanded its capacity to 900,000 units annually, supplying Daimler AG with spare parts for a wide range of brake discs, covering recent passenger car models, historical classics and modern commercial vehicles.

EGA is a 25% shareholder in a newly-found Grey Cast Iron foundry; Egyptian Kuwaiti Foundry (EKF), which is located nearby, and was established mainly to manufacture raw brake discs and drums for local and global markets.