General Motors Egypt to invest $16mln to locally manufacture new car models

General Motors Egypt is planning to invest $16 million in the Egyptian market to manufacture new car models, CEO of Al-Mansour Automotive Ankush Arora revealed in a meeting headed by Egyptian Prime Minister on March 13th.

During the meeting, Mostafa Madbouly reviewed the company’s investment opportunities in Egypt, welcoming its future expansion plans.

Additionally, Arora hailed Egypt’s distinguished capabilities in the automotive industry, especially after the government launched the Automotive Industry Development Program.

He also pointed out that 90% of General Motors Egypt’s sales in the Egyptian market over the past five years were locally manufactured.

From 2018 to 2022, the company invested about $15 million to upgrade its factory in the country and ensure safety, productivity, and quality standards, Aurora added.

It is worth noting that Al-Mansour Automotive is the official dealer of General Motors (GM) in Egypt.