PM Madbouly probes expanding automotive industry in Egypt with Nissan director

PM Madbouly assured the representatives that the government is keen to know their needs and provide support.

Egypt Managing Director at Nissan Motor Corporation Mohamed Abdel-Samad praised the government’s strong support for the general industrial and automotive sectors.

He highlighted that Nissan is a leading player in the Egyptian market with a 13.5 percent share and a total capacity of 50,000 vehicles annually.

 He stated that the company’s investment in Egypt reached $235 million, intending to increase this number by $55.9 million by 2026 to strengthen its presence in the Egyptian market.

Kasrawy
 

PM Madbouly also met a representative of Kasrawy Group and emphasized that the government is prioritizing the automotive industry.

He outlined the steps taken in this sector, including establishing the Supreme Council for Automotive Industry.

The premier noted that the government communicates with key industry players to address challenges and provide support.

This coincides with Egypt’s effort to support localization of the automotive industry, which aligns with the country’s vision to become a regional hub for this industry to cover the needs of the local market and major parts of Africa.

Egypt launched the national strategy for developing the automotive industry on 14 June 2022 to fulfil the local market's needs and boost exports so that it can compete in the automotive industry.