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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When will Egypt’s first electric car, the Nasr E70, be launched to the market?
## Egypt Aims for Electric Automotive Future
**Interviewer:** Egypt has recently made headlines with its ambitious plans to enter the electric car market. Can you tell us more about this exciting venture?
**Alex Reed:** President Sisi has made it quite clear that Egypt is serious about becoming a player in the global electric vehicle industry. He’s spoken about his visits to countries like Japan and Korea back in 2016 and 2017, where he highlighted Egypt’s interest in electric cars. Now, that interest is taking a tangible shape.
**Interviewer:** What concrete steps is Egypt taking to achieve this goal?
**Alex Reed:** The government has committed significant resources to the project. President Sisi announced a substantial investment of 100 billion Egyptian pounds, primarily to establish Egypt as a hub for electric car manufacturing. This includes incentivizing foreign companies to invest and set up operations in Egypt.
**Interviewer:** Are there any specific developments we can point to?
**Alex Reed:** The most prominent one is the Nasr E70. [[1](https://en.amwalalghad.com/egypts-first-electric-car-nasr-e70-manufacturer-specs-photos-price/)]This is Egypt’s first homegrown electric car, manufactured through a collaboration between the state-owned El Nasr Automotive Manufacturing Co. and the Chinese firm Dongfeng. Tests for the Nasr E70 began in late 2022, with the aim of launching it in the market soon.
**Interviewer:** What does this mean for Egypt’s automotive industry and the future of transportation in the country?
**Alex Reed:** This project has the potential to transform Egypt’s automotive landscape. It signifies a shift towards cleaner transportation solutions and positions Egypt as a competitor in the rapidly growing global electric vehicle market. It also has the potential to generate jobs and boost the local economy. Of course, the success of this initiative depends on various factors, including continued government support, attracting foreign investment, and ultimately, consumer demand.
