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
#AlSisi #announces #allocation #billion #pounds #enter #developed #industry
What specific incentives is Egypt offering to attract foreign investment in the electric vehicle sector?
## Egypt Goes Electric: A Conversation
**Interviewer:** Welcome to the show! Joining us today is Dr. [Guest Name], an expert on the Egyptian economy and industrial development. Dr. [Guest Name], recent statements from President Al-Sisi highlight Egypt’s ambitious plans for the electric vehicle industry. Can you elaborate on these plans?
**Dr. [Guest Name]:** Absolutely. President Al-Sisi has been vocal about Egypt’s commitment to entering the global electric vehicle market. He’s emphasized the need to move beyond traditional car manufacturing and capitalize on the global shift towards sustainable transportation [[1](https://egyptian-gazette.com/egypt/egypts-ev-ambitions-opportunities-challenges-on-the-road-ahead/)].
**Interviewer:** What’s the target?
**Dr. [Guest Name]:** The government’s goal is bold - to produce 500,000 electric cars annually by 2030! This ambitious target reflects Egypt Vision 2030, which prioritizes industrial growth and green technology [[1](https://egyptian-gazette.com/egypt/egypts-ev-ambitions-opportunities-challenges-on-the-road-ahead/)].
**Interviewer:** This sounds like a massive undertaking. What steps is Egypt taking to achieve these goals?
**Dr. [Guest Name]:** Egypt is offering generous incentives to attract foreign investment in the electric vehicle sector. President Al-Sisi mentioned a 100 billion Egyptian pound fund specifically earmarked for this purpose [[1](https://egyptian-gazette.com/egypt/egypts-ev-ambitions-opportunities-challenges-on-the-road-ahead/)]. This significant financial commitment demonstrates Egypt’s seriousness in attracting leading automotive companies to set up production facilities in Egypt.
**Interviewer:** This shift towards electric vehicles will likely require a significant change in infrastructure and workforce skills. How is Egypt addressing these challenges?
**Dr. [Guest Name]:** You raise an important point. President Sisi has underscored the need for a skilled workforce to support this emerging industry. He has called on business leaders to collaborate with technical schools, ensuring a pipeline of qualified workers ready to meet the demands of the electric vehicle sector. Beyond workforce development, Egypt will need to invest heavily in expanding its charging infrastructure to support a growing fleet of electric vehicles.
**Interviewer:** Dr. [Guest Name], thank you for shedding light on this important development in the Egyptian economy.
**Dr. [Guest Name]:** Thank you for having me. I believe Egypt’s commitment to electric vehicles is a positive step towards a more sustainable future and a testament to the country’s dynamism as a rising force in global manufacturing.
