On July 29, the Prime Minister of Egypt announced that the government is fully prepared to provide "out-of-the-box incentives" to localize the electric car industry. He held a meeting to follow up on the executive procedures for localizing the electric car industry and reviewed efforts to localize the electric car in

On July 21, the officials of the Suez Canal Economic Zone (SCZONE) visited the headquarters of BYD in Shenzhen, China, and held a meeting with BYD officials.  They discussed the possibility of BYD establishing a presence in SCZONE as a gateway for the company to access African and Middle Eastern markets. SCZONE empha

On July 10, the President of Egypt met with the Premier of the State Council of China. The president stressed Egypt's commitment to strengthening cooperation with China in various areas of mutual interest and working to activate the comprehensive strategic partnership between the two countries. He also expressed the

On July 7, the Ministry of Trade and Industry, Egypt, reviewed with auto manufacturers the new amendments to the National Program for the Development of the Auto Industry. The new program amendments aim to provide real incentives for automakers and ensure the program's sustainability, deepening local auto manufacturi

On June 25, the Minister of Investment and Foreign Trade, Egypt participated in a roundtable dedicated to the automotive industry, held in Shanghai, China, with the participation of several Chinese companies.
The minister announced that Egypt’s automotive industry is undergoing a transformation, focusing on expanding

On June 23, the Minister of Investment and Foreign Trade, Egypt met with the Chinese Minister of Commerce to discuss ways to strengthen economic and trade relations between the two countries.
The two sides agreed to enhance cooperation in the fields of electric vehicles, feed industries, electronics, water desalinati

On May 27, the Prime Minister of Egypt met with the Minister of the Public Business Sector to discuss the revival and relaunch of the Nasr Automotive Company. The Minister stated that Nasr Automotive Manufacturing Company has been revived, beginning with the bus factory.
 It currently produces 5 buses per week, meeti

On May 25, the Prime Minister of Egypt, in the 2025 US-Egypt Policy Leaders Forum, announced that ongoing talks with the American side have shown increasing interest in the automotive sector. Applications have been submitted to ease restrictions on importing fully assembled American cars into Egypt.
As part of this,

On May 19, the General Authority for Investment and Free Zones (GAFI), met with the Governor of Guangdong Province, China. The two sides discussed the investment cooperation agenda for the second half of 2025. The governor headed a delegation that included representatives of various government bodies from the provinc

On April 13, the Prime Minister of Egypt met with officials from the AL-Mansour Automotive Group to discuss their plans for establishing a new factory in New October City and commencing production. AL-Mansour will invest USD 150 million in Egypt’s automotive manufacturing, covering different brands. Production will s

On March 5, the Minister of Finance, Egypt announced that EGP one billion has been allocated in the current budget 2024/2025, to finance Egypt's "Localization of the Automobile Industry" and to attract investment partnerships in the field of automobile manufacturing. Egypt is targeting an increase of the local compon

On January 14, the Prime minister of Egypt met with the officials of Geely Auto Holding Group and reviewed the company’s plan to manufacture cars in Egypt during the next phase through a partnership with Auto Mobility.
Geely Auto Holding Group is ready to increase production, especially since it also aims to export a

On January 14, the Prime Minister of Egypt met with the officials of the China National Tire & Rubber Co., Ltd. (CNTR). CNTR has a factory in Al-Amiria, Alexandria for heavy transport car tires. It can produce 1.1 million tires and export 70% of its production. 
CNTR plans to expand its operations in Egypt. The gover

On December 4, the Egypt Cabinet approved the proposed vision for 2025 auto market regulation. The Cabinet agreed on the proposed vision of the Ministry of Investments and Foreign Trade, regarding the regulation of the automobile market for 2025, to work on invigorating investment in the local market.
It was emphasiz

On December 1, the Prime Minister of Egypt met with the officials from Great Wall Motors (GWM). The Vice President of GWM stated that it is planning a project in Egypt to cater to local demand for cars and spare parts, as well as to export to neighboring markets and countries worldwide.
Following thorough studies, th

On November 18, the Minister of Industry and Transport, Egypt reviewed the latest developments in cooperation between the Arab Organization for Industrialization and Stellantis to manufacture two models of Citroen cars in the organization's factories with a total annual production of 27,000 cars. 
An agreement was re

On November 17, the Government of Egypt announced that the Egyptian-German Automotive Company (EGA) has started the production of Exeed cars in Egypt. The EGA factory now produces luxury vehicles under the Mercedes-Benz and Exeed brands. 
At present, the factory manufactures 1,200 Mercedes-Benz vehicles and 3,000 Exe

On October 21, the Government of Egypt dismissed reports on issuing a decision to reduce car imports by 20% to become 8,000 cars a month instead of 10,000. The Cabinet Media Center said that it contacted the Ministry of Investment and Foreign Trade which denied such reports as baseless.
(Based on press release from t

On October 1, the Prime Minister of Egypt held a meeting with officials of the Egyptian International Motors Company to follow up on the localization of the automotive industry in Egypt. The Prime Minister appreciated the company's intention to establish a factory in Egypt, directing the provision of the required lan

On September 24, the chief of the Suez Canal Economic Zone met with the officials of Dayun Automobile Manufacturing Company to discuss Dayun’s expansion plan to manufacture various types of vehicles.
Dayun is planning to set up new production lines to manufacture a variety of vehicles as well as increase the local co