On April 6, the Minister of Investment and Foreign Trade of Egypt held a meeting with the Moroccan Minister of Investment to discuss investment partnerships based on common interests. The meeting addressed opportunities for cooperation in the automotive industry sector. The importance of sharing experiences between t

On March 26, the Minister of Industry of Egypt held a meeting with the UK Ambassador in Cairo to discuss ways to enhance joint industrial cooperation and increase British investments in the Egyptian market. They discussed opportunities for cooperation in the automotive industry, electric vehicle batteries, green manu

On March 25, the Minister of Industry of Egypt discussed opportunities to enhance industrial and investment cooperation with the Chinese Baow Iron and Steel Group. Egypt wanted to promote the iron and steel industry as the backbone of strategic industries, foremost among them the automotive and household appliance in

On March 18, the Minister of Industry of Egypt reviewed the construction of the Darwish Glass Company factor on the 6th of October Industrial City. It has an area of 2,520 square meters. The factory is fully ready to complete the plan to produce car glass of all kinds with an expected production capacity of up to 200

On March 18, the Ministers of Industry, Investment, Foreign Trade, and Finance discussed the recommendations of the working group formed to review the National Program for the Development of the Automotive Industry and identify the needs and proposals of manufacturers to enhance the flexibility of the program.
The Mi

On March 17, Egypt’s Minister of Investment and Foreign Trade met with General Motors to discuss the company’s expansion plans, as well as the government’s efforts to localize the automotive industry.
Both parties discussed the status of GM’s USD 530 million investment and its future plans. The minister highlighted g

On March 14, the Ministry of Trade and Industry of Egypt held a meeting with Mercedes-Benz Egypt to discuss opportunities to localize the automotive industry.
The ministry stressed that the National Automotive Industry Development Program (AIDP) represents a key pillar for attracting major global brands through an un

On March 14, the Ministry of Investment and Foreign Trade of Egypt announced that it has granted a golden licence to the Egyptian company, MAC, to establish an integrated factory for manufacturing and assembling cars (gasoline, electric, and hybrid) and light transport vehicles. The project will see an investment cos

On March 8, the Minister of Labor of Egypt met with a delegation from wiring harness manufacturer Leoni Egypt. The minister stated that Leoni’s new expansions will provide thousands of job opportunities for Egyptian youth. In the coming days, Leoni will offer 500 new jobs for assembly technicians across several branc

On March 5, the Ministry of Industry of Egypt held a meeting to discuss the follow-up on the implementation status of the National Program for the Development of the Automotive Industry, as well as to discuss ways to combine governmental efforts to create an attractive business environment and provide more facilities

On January 28, the Ministry of Trade and Industry, Egypt, announced that the Bulgarian company Sin Cars is planning to manufacture electric cars in partnership with one of the industrial companies in Egypt. The ministry reviewed Sin Cars’ plan to manufacture electric vehicles, including passenger cars, refrigerated t

On January 27, the Prime Minister of Egypt said in a social media post that he has held a meeting to discuss opportunities for localizing the automotive industry and increasing the competitiveness of free zones. He stated that the Government is attracting major global manufacturers, within the framework of the state’

On January 20, the Minister of Investment and Foreign Trade, Egypt, met with the chairman of TVS Motors to discuss cooperation in the automotive industry and localizing production in Egypt. TVS confirms its interest in studying investment and production opportunities in Egypt for export to African markets. TVS has a

On December 23, the Egyptian Cabinet, in a social media update, announced that the General Authority for the Suez Canal Economic Zone signed a contract with Chaoyang Langma Tire Company, China. It will establish an integrated industrial complex to produce heavy truck tires and passenger car tires, with an investment

On December 16, the Ministry of Trade and Industry in Egypt approved Prometeon Tires Company's request to establish a new project within the special free zones system, with investments of USD 300 million. The company will produce tires for heavy transport vehicles, engineering equipment, and agricultural tractors, an

On December 9, the Embassy of the Arab Republic of Egypt in Tokyo, in a social media post, announced that the Egyptian ambassador held a meeting with Mitsubishi Motors executives to discuss prospects for enhancing industrial and investment cooperation.
The meeting focused on opportunities for Mitsubishi Motors to exp

On December 3, Egypt’s Deputy Prime Minister for Industrial Development and Volkswagen brand CEO discussed the company’s plans to start manufacturing cars in Egypt through a video conference.
Volkswagen outlined a multi-phase plan to grow in Egypt, beginning with contract manufacturing at the Egyptian-German Automoti

On November 26, the Ministry of Industry, Egypt, held a meeting with representatives of 23 bus, vehicle, and component manufacturing companies to review the capabilities of localization.
The ministry reviewed the list of components targeted for localization, which includes steel used in structures and strategic compo

On November 25, the Ministry of Investment and Foreign Trade of Egypt, in a social media post, announced that its Minister met with a delegation from Prometeon Tire Manufacturing Company to discuss cooperation and the future of the company’s investments in Egypt. 
Prometeon Tire Manufacturing Company is a subsidiary

On November 13, the Ministry of Public Business Sector, Egypt, in a social media post, announced that its minister inspected the progress of work and production at Al Nasr Automotive. The production of Nasr Sky tourist buses is expected to increase with a local component rate of 63%. At present, the production capaci