On April 23, the Prime Minister of Egypt announced that the government is providing important incentives to the automotive industry, especially in the "electric car industry," and negotiations are currently underway with two global companies to reach a final agreement to produce between 100,000 and 200,000 cars annua

On April 17, the Minister of Industry of Egypt held a meeting with the officials of GB Auto to review its current projects, future expansion plans, and its vision for enhancing local manufacturing. The group is enhancing production capacity and increasing local manufacturing rates, in addition to expanding export cap

On April 16, Banque Misr announced a EGP 2.7 billion credit facility to MAC Transportation Manufacturing Company, a subsidiary of Mansour Automotive Group, to finance the construction of a new car factory. It will create approximately 10,000 direct and indirect job opportunities.
The factory’s first phase will produc

On April 15, the prime minister of Egypt reviewed the latest developments in the national program for developing the automotive industry. He stated that the government is prepared to offer exceptional incentives to any global car manufacturing company that will localize its industries in Egypt. The meeting aims to ex

On April 11, the Finance Ministry of Egypt announced the priority for the next fiscal year 2026-2027 is to enhance investment opportunities and promote partnership with the private sector. For the automotive sector, the ministry announced EGP 5.5 billion pounds to support the industry. It will attract environmentally

On April 11, the prime minister of Egypt met with the officials of the Chinese company "Henan Zhengfu" to review their plan to establish an aluminum production plant with an investment of USD 2 billion. The project will create 3,000 direct job opportunities. The project will be established on the Suez Canal Economic

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