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10 game-changers in Egypt's automotive industry

Strategic partnerships, investments, and a focus on eco-friendly technologies are placing Egypt at the forefront of Africa's automotive market.
Egypt Business Directory | 17.11.2023
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In a bold drive towards innovation, Egypt is rapidly transforming its automotive industry. Strategic partnerships, substantial investments, and a focus on eco-friendly technologies are placing Egypt at the forefront of Africa's automotive market. This article explores the top 10 milestones in Egypt's automotive journey, showcasing its commitment to becoming a key player in the global automotive arena.

  1. Volkswagen-Egypt Collaboration: Volkswagen signed an agreement to study the feasibility of establishing an automotive zone in Port Said, with a potential investment of $240 million.

  2. Job Creation Potential: The East Port Said Automotive Zone (EPAZ) is expected to create approximately 6,100 jobs.

  3. Strategic Partnerships: The agreement involves The Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt (TSFE), and East Port Said Development Company (EPSD).

  4. Volkswagen's Role: Volkswagen will play a key role in realizing the Egyptian Automotive Industry Development Program (AIDP) and assessing the feasibility of establishing a car paint complex in East Port Said.

  5. National Strategy for Automotive Localization: Egypt unveiled a strategy in 2022 aiming to position itself as a key player in Africa's emerging vehicle markets.

  6. Proton Cars Manufacturing: Ezz El Sewedy Automotive Factories plans to manufacture 50,000 cars annually bearing the Malaysian Proton logo in Egypt.

  7. Government Initiatives for Local Assembly: Egypt signed framework agreements with three local companies, including Ezz Elsewedy Car Factories and Itamco, to boost domestic car assembly.

  8. Investment in Electric Vehicles: Ezz Elsewedy Car Factories aims to manufacture both conventional fuel cars and electric vehicles, with a production capacity of 50,000 cars.

  9. Focus on Environmentally Friendly Cars: The emphasis on environmentally friendly cars is a major component of Egypt’s automotive industry development.

  10. Global Auto Framework Agreement: Egypt entered into a framework agreement with Global Auto for a car assembly project, involving key partners like Ali Alghanim & Sons Automotive and Mohamed Yousuf Naghi Motors.

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