Al-Sisi said during President Sisi’s meeting with the heads of a number of major international companies operating in the industrial sector participating in the International Forum and Exhibition for Industries held in Egypt: “I said if the traditional car industry had passed us by, we would enter into the issue of the whole world working in it, and we said we are ready to provide the incentives that will make the car industry successful.” Electricity in Egypt, and we operate as a headquarters for the company, and 100 billion pounds are allocated for this matter, donated by the state.”
President Sisi added: “We do not have the luxury of wasting any time other than encouraging investors to work, develop and invest. I will say for example that in 2016 and 17 I had the opportunity to visit many countries such as Japan and Korea, and I spoke about the electric car and that we in Egypt are interested in this issue.”
President Abdel Fattah El-Sisi called on businessmen and factory owners to supervise… Technical schools located within the scope of their work.
The President said during his meeting with the heads of a number of major international companies operating in the industrial sector participating in the International Forum and Exhibition for Industries held in Egypt, on Tuesday, that the Egyptian state has made intensive efforts over the past ten years to provide a suitable environment for the development of the industry, making it a basic pillar in production. GDP.
He pointed out that the state established 25 universities within 10 years, to provide an educational product for young people that is in line with what the labor market requires, which ultimately benefits investors and industrialists.
He continued: “Any factory that wants to supervise the technical school located next to it, from selecting, teaching and qualifying students, we are ready to provide this for him, at the school, and by spending on the school as well, with the supervision that benefits him in the product he buys in his factory. We have no problem in providing this.” “The matter.”
He explained that the Egyptian market represents a large market in itself, which enhances investment opportunities internally, in addition to export capabilities, noting that Egypt enjoys strong relations with countries all over the world, which opens broad horizons for the products of companies operating in Egypt to reach international markets.
Al-Sisi pointed out that the state has worked to develop the necessary infrastructure for the industry in an integrated manner, including modernizing ports, airports, road and train networks, in addition to providing electricity and gas, as well as developing an appropriate legislative framework that enhances investment incentives and ensures a safe and stable investment environment.
Source: Masrawy + Al-Masry Al-Youm
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How will the partnership with Dongfeng Motor Industry Import and Export Co. and Dongfeng Design and Research impact the development of Egypt’s electric vehicle supply chain?
## Egypt Drives into the Future: An Interview on the Nasr E70
**Interviewer:** Today we’re joined by automotive industry expert, [Guest Name], to discuss the exciting news of Egypt’s first electric car, the Nasr E70. [Guest Name], can you share your thoughts on this development?
**Guest:** This is a monumental step for Egypt! President El-Sisi’s commitment to investing in the electric car industry is truly ambitious, and the Nasr E70 is a tangible manifestation of that vision. The president has even mentioned visiting countries like Japan and Korea back in 2016 and 2017 to discuss electric cars, showing this wasn’t a sudden decision but a long-term goal. [[[Source]]]
**Interviewer:** The Nasr E70 is being manufactured in partnership with Chinese firms, Dongfeng Motor Industry Import and Export Co. and Dongfeng Design and Research. What are the implications of this collaboration?
**Guest:** This partnership highlights Egypt’s strategic approach to entering the electric car market. Collaborating with experienced global players like Dongfeng allows Egypt to leverage existing technology and expertise, accelerating the development and production process. It also signifies Egypt’s desire to be integrated into the global electric vehicle supply chain.
**Interviewer:** We understand the Egyptian government has pledged significant financial resources to support this project. What impact do you think this will have on the Egyptian economy?
**Guest:** The investment of 100 billion Egyptian pounds by the state [[[Source]]]demonstrates a strong commitment to making this a success. This not only supports the development of the car itself but also paves the way for a burgeoning electric vehicle ecosystem in Egypt, including manufacturing, research and development, and potentially even attracting foreign investment.
**Interviewer:** What are your predictions for the future of the Nasr E70 and the Egyptian electric car industry as a whole?
**Guest:** The Nasr E70 is just the beginning. This project has the potential to be a catalyst for a transformation of the Egyptian automotive landscape.
We’ll need to see how the market responds to the Nasr E70 and how the government continues to support the electric vehicle sector. However, the ambition and determination shown by President El-Sisi and the Egyptian government are encouraging. If they continue this path, we could see Egypt becoming a significant player in the global electric car market.
