Egypt’s automotive industry has the potential to become the largest on the continent

African automotive association sees Egypt as Africa’s biggest automotive market in the next decade: A delegation of automotive and automotive components producers attended a meeting of the African Association of Automotive Manufacturers (AAAM) yesterday to look at potential investments in Egypt’s automotive industries. Participants Enterprise spoke with at the meeting yesterday see potential for Egypt’s automotive industry to become the largest market in the continent by the middle of the next decade, supported by existing incentives and market dynamics, along with government plans to localize the industry.

What went down at the meetings: The AAAM delegation toured EP, where they met with key figures from Egypt’s automotive industry, government officials, and existing investors to get a feel for the current market dynamics and incentives on offer for the industry, as well as the challenges and future prospects. “The purpose of the visit is to introduce what Egypt has to offer to the automotive market, and show how serious the stakeholders are — mainly the government and the private sector and companies that have already invested, like Nissan. We hope to create the right level of understanding based on which different automotive players can make their own investment decisions,” AAAM President and Nissan Motor Corporation’s Group Strategic Advisor for Policies, Political Affairs, and External Relations Mike Whitfield told Enterprise.