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
#AlSisi #announces #allocation #billion #pounds #enter #developed #industry
What are the potential economic benefits for Egypt if it successfully develops a robust electric vehicle industry?
## Egypt Aims for Electric Vehicle Hub Status, Invests Heavily
**News Editor:** Welcome back to the show. Today we’re discussing Egypt’s ambitious plans to become a regional hub for electric vehicle manufacturing. Joining us is Professor Ahmed Hassan, an expert in Egyptian economic development. Professor Hassan, thank you for being here.
**Professor Hassan:** My pleasure. It’s exciting to see Egypt taking such bold steps.
**News Editor:** President Al-Sisi recently announced a significant investment of 100 billion pounds to support the electric car industry in Egypt. Can you elaborate on this initiative?
**Professor Hassan:** This signals a clear commitment from the Egyptian government to embrace the electric vehicle revolution.
President Sisi recognizes the global shift towards sustainable transportation and aims to position Egypt at the forefront of this change [[1](https://www.mercedes-benz.com.eg/en/passengercars/models/electric.html)]. By offering incentives and support, the government hopes to attract both domestic and international investment in electric vehicle manufacturing, research and development.
**News Editor:** This isn’t a new idea for Egypt. The President mentioned visiting Japan and Korea back in 2016 and 17 to discuss this very topic. What are some of the challenges and opportunities that Egypt faces in achieving its goal?
**Professor Hassan:** You’re right, Egypt has been looking at electric vehicles for some time. Building a robust electric vehicle industry will require a multi-pronged approach. Key challenges include developing a reliable charging infrastructure, training a skilled workforce, and ensuring the affordability of electric vehicles for the average Egyptian consumer.
However, Egypt has several advantages, including a large and young population, abundant renewable energy resources [could mention solar], and a strategic geographic location. Successfully navigating these challenges could lead to significant economic growth, job creation, and a reduction in Egypt’s dependence on fossil fuels [[1](https://www.mercedes-benz.com.eg/en/passengercars/models/electric.html)].
**News Editor:** President Sisi has also called on businesses to support technical education. How important is this for the success of this initiative?
**Professor Hassan:** Crucially important. A skilled workforce is essential for any
industrial development, and the electric vehicle sector is no exception.
Training young Egyptians in the latest electric vehicle technologies will ensure that they are prepared for the jobs of the future and contribute to the industry’s growth. This also aligns with the government’s broader goal of fostering a knowledge-based economy.
**News Editor:** Thank you, Professor Hassan, for providing such insightful analysis. This is certainly a development to watch closely in the coming years.
**Professor Hassan:** My pleasure. The future of sustainable transportation in Egypt looks promising.
