شركة عالمية تخطط لإنشاء مصنع سيارات جديد في مصر

A Global Company Plans to Establish a New Car Factory in Egypt

A major German automotive group is preparing to launch a new industrial project in Egypt, aiming to establish a car manufacturing plant as part of its expansion plan in the Egyptian market in the near future.

During a meeting between the group’s CEO and Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, the company’s plan to move towards local manufacturing was discussed. The plan will start with contract manufacturing at the Egyptian-German Automotive Company (EGA) plant, and later develop into a fully integrated factory in the industrial zone of East Port Said.

This move reflects the company’s commitment to the Egyptian market and its desire to strengthen its industrial presence through a manufacturing project that aims to support the local automotive sector and enhance production efficiency.

Roadmap to Localize Automotive Manufacturing and Develop Egyptian Talent

The meeting also covered a comprehensive plan to localize the production of car components in Egypt, focusing on several key areas to support local industry and build capabilities. Key elements of the roadmap include:

Key Features of the Proposed Roadmap:

1. Local production of car components within the Egyptian market.

2. Enhancing the capabilities and competitiveness of local suppliers.

3. Establishing a Research & Development (R&D) center focused on technology localization and knowledge transfer to Egyptian talent.

4. Creating a specialized technical training center to qualify workers in the maintenance and repair of electric vehicles.

Government Support for the Project:

1. Commitment to providing a stable and attractive investment environment for foreign companies.

2. Ministry of Industry and Transport’s readiness to provide all necessary facilitation and remove obstacles to ensure the project’s success.

Opportunities Available in the Egyptian Market:

1. Leveraging Egypt’s strategic location as a gateway to Africa and connecting local and regional supply chains to global networks.

2. Integrating local suppliers with global suppliers within the company’s international supply chain system.

3. Taking advantage of the benefits and support provided by the Automotive Industry Development Program (AIDP).

Egypt: A Strategic Partner in Africa’s Automotive Future

The CEO of the German group highlighted that Egypt possesses strong capabilities, positioning it as a key player in the future of automotive manufacturing in Africa. The main factors include:

Egypt’s Key Advantages:

1. A robust industrial infrastructure capable of accommodating global company expansions.

2. Strategic geographic location facilitating access to African and Middle Eastern markets.

3. Availability of skilled workforce qualified to operate across various manufacturing stages.

4. East Port Said’s industrial zone providing a world-class industrial and logistics platform.

Objectives of Cooperation with Egypt:

1. Support the localization of automotive manufacturing in Egypt.

2. Enhance competitiveness and improve local production quality.

3. Increase exports and open new markets for Egyptian products.

4. Integrate Egypt into global automotive value chains.

Long-Term Partnership Goals:

1. Establish a long-term partnership between Egypt and the global automotive group.

2. Build a fully integrated industrial system that supports economic growth.

3. Strengthen Egypt’s position as a strategic hub for automotive manufacturing in Africa.

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