Nissan Egypt to invest $45M to expand local production, increase exports

Nissan Egypt has signed a $45 million investment deal to locally manufacture a third vehicle model at its plant, marking a significant expansion of its operations in the country. The agreement was signed in the presence of Prime Minister Mostafa Madbouly at the government headquarters in the New Administrative Capital.

 

Mohamed Abdel Samad, Managing Director of Nissan Egypt, highlighted that the new model will feature a local component ratio exceeding 54%, supporting the company’s goal to enhance domestic production. He also mentioned that plans are underway to export the locally assembled model as part of the new initiative.

 

In addition to the $45 million investment, Nissan Egypt is committing $2 million to boost production capacity, with the aim of exceeding 30,000 units annually by 2025. This move aligns with the company’s 20th anniversary in the Egyptian market, where it operates a fully integrated manufacturing facility.

 

Nissan Egypt has already exported more than 16,000 units of its locally assembled Sunny model and plans to increase exports by 50% in the current fiscal year compared to 2023. To date, the company has generated over $150 million in export revenue and is focused on further increasing dollar inflows through expanded export operations.

 

The signing ceremony was also attended by Hassan El-Khatib, Minister of Investment and Foreign Trade, and Fumio Iwai, the Japanese Ambassador to Egypt. The agreement was officially signed by Jordi Vila, President of Nissan Africa, on behalf of Nissan Global.