Mansour Group breaks ground on $150m MAC transport vehicle factory in 6th of October City
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, laid the foundation stone for the MAC transport vehicles factory, a new project by Mansour Automotive Group, in 6th of October City, West Cairo. Al-Wazir said
Egypt allocates EGP 1bn to boost local automotive industry: Kouchouk
The Egyptian government has allocated EGP 1bn in its fiscal year (FY) 2024/25 budget to finance a strategy aimed at localising the automotive industry, according to Finance Minister Ahmed Kouchouk. The plan seeks to attract investment partnerships in car manufacturing
PM Madbouly inaugurates Geely assembly plant in Egypt with 45% local component
Egypt’s Prime Minister Mostafa Madbouly has officially inaugurated the Geely car assembly plant located within the Bavarian Auto Manufacturing Company in 6th of October City. Following the ribbon-cutting ceremony, Madbouly toured the facility, inspecting its advanced production lines. During the
Geely Auto to open Egyptian factory with plans for regional export hub
Egyptian Prime Minister Mostafa Madbouly met with Song Jim, Chairperson of Geely Global Automobile and Vice Chairperson of Geely Auto Holding, to discuss the company’s plans to establish a vehicle manufacturing plant in Egypt through a partnership with Auto Mobility.
Mansour Group, SAIC Motor announce $135m auto plant in Egypt
Prime Minister Mostafa Madbouly attended on Sunday the signing ceremony of a landmark agreement between Mansour Group and China’s SAIC Motor to establish a $135m automotive manufacturing plant in Egypt. The agreement includes a technical licensing deal to produce MG
Nissan commits $47m to expand operations in Egypt
Egypt’s Prime Minister Mostafa Madbouly witnessed the signing of a landmark investment agreement on Wednesday between Nissan Egypt and the Egyptian government. The agreement paves the way for the local production of a third vehicle model at Nissan’s factory in
PM witnesses El Nasr Automotive relaunch
Egypt’s Prime Minister Mostafa Madbouly attended, on Saturday, the relaunch ceremony of El Nasr Automotive Manufacturing Company (NASR), affiliated to the Ministry of Public Enterprises Sector, after a 15-year hiatus. He also inspected the company’s ongoing development efforts. Managing Director
China’s BAIC, Egypt’s Alkan Auto partner to establish EV factory
Deputy Prime Minister for Industrial Development, Minister of Industry and Transport Kamel El-Wazir witnessed the signing of an agreement between China’s BAIC and Alkan Auto, a subsidiary of the Egyptian International Motors, to establish an electric vehicle factory in Egypt.
Investment Minister discusses automotive industry localization, sector’s challenges
Hassan El-Khatib, Minister of Investment and Foreign Trade, held an extensive meeting with the managing directors of global automotive companies, agents, distributors and dealers, to discuss localizing the automotive industry in Egypt and the challenges facing the sector. This aligns
KOICA, PVTD Sign $10m deal to upgrade green automotive maintenance technology for VTCs in Egypt
The Korea International Cooperation Agency (KOICA), South Korea’s official development assistance agency, has signed a Record of Discussion (ROD) with the Productivity and Vocational Training Department (PVTD) and the Ministry of Planning, Economic Development, and International Cooperation to implement the