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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How could Egypt’s move towards electric vehicles impact its reliance on fossil fuels and its overall environmental goals?
## Egypt Goes Electric: An Interview with Automotive Analyst Sarah El-Amin
**Interviewer:** President Abdel Fattah El-Sisi recently announced ambitious plans for Egypt to become a major player in the electric vehicle industry. What does this mean, and is it achievable?
**Sarah El-Amin:** This is a bold move by the Egyptian government. President Sisi acknowledged that Egypt missed the boat on traditional car manufacturing, so they are now focusing on electric vehicles. He even mentioned visits to Japan and Korea in 2016 and 17 where he advocated for Egyptian involvement in the EV sector.
**Interviewer:** What concrete steps is the government taking?
**Sarah El-Amin:** The President stated that 100 billion pounds, funded by the state, will be allocated to entice investors and companies to set up production facilities in Egypt.
[[[1]](https://electraeg.com/)]is already importing electric vehicles into the country, showcasing a growing market for EVs.
**Interviewer:** Do you believe Egypt has the resources and infrastructure to support a thriving electric vehicle industry?
**Sarah El-Amin:** There are challenges, undoubtedly. Egypt will need to invest heavily in charging infrastructure, train a skilled workforce, and potentially address concerns about electricity supply for widespread EV adoption. However, the government’s commitment combined with a burgeoning market for eco-friendly vehicles could make this vision a reality.
**Interviewer:** How might this impact Egypt’s economy and environment?
**Sarah El-Amin:** A successful electric vehicle industry could create significant job opportunities, boost local manufacturing, and reduce Egypt’s reliance on fossil fuels, positively impacting both the economy and the environment.
**Interviewer:** Thank you for sharing your insights, Sarah.
This is an exciting development for Egypt, and it will be fascinating to watch how it unfolds in the coming years.