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 an essential pillar in the country’s 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 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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What are the challenges Egypt faces in establishing itself as a key player in the electric vehicle market?
## Egypt Gears Up for Electric Vehicle Production
Today, we have with us automotive industry expert [Insert Guest Name] to discuss Egypt’s ambitious foray into the electric vehicle market. President Sisi recently announced significant investments in this sector, aiming to establish Egypt as a key player. [Guest Name], what are your thoughts on Egypt’s potential in this rapidly growing industry?
**[Guest Name]:** Thank you for having me. It’s certainly an exciting time for Egypt’s automotive industry. President Sisi’s vision and commitment to attracting international investment are crucial. We’re seeing a global shift towards electric vehicles, and Egypt has the potential to capitalize on this trend.
**Interviewer:** President Sisi mentioned allocating 100 billion pounds for electric vehicle production and highlighted trips to Japan and Korea in 2016 and 2017, where he discussed Egypt’s interest in the electric car. Can you elaborate on the significance of these developments?
**[Guest Name]:** Absolutely. This signifies a long-term strategy. Egypt recognizes the importance of staying ahead of the curve in a rapidly evolving automotive landscape. Learning from the successes of established players like Japan and Korea is wise. The financial commitment shows dedication, and hopefully will create a fertile ground for both domestic and international companies to invest.
**Interviewer:** According to Statista, the expected revenue in Egypt’s electric vehicle market will reach US$4.9 million in 2024. [[1](https://www.statista.com/outlook/mmo/electric-vehicles/egypt)]While this seems modest, do you see potential for significant growth in the coming years?
**[Guest Name]:** It’s a strong starting point. Early adoption is crucial. As production ramps up, infrastructure improves, and consumer awareness grows, we can expect the market to expand significantly. Egypt’s geographic location and access to resources could give it a competitive advantage in the long run.
**Interviewer:** President Sisi also emphasized the need to encourage investors and develop technical schools. How crucial are these elements for sustaining the electric vehicle industry in Egypt?
**[Guest Name]:** They are integral. A skilled workforce is paramount for any successful manufacturing hub. Technical schools will play a vital role in training the next generation of automotive engineers and technicians. Additionally, attracting foreign investment and fostering partnerships with established companies is key for technology transfer and knowledge sharing.
**Interviewer:** Thank you for sharing your insights, [Guest Name]. It seems like Egypt is taking bold steps towards a greener and more sustainable future for its automotive industry. It will be fascinating to watch how this unfolds in the years to come.
