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
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What are the main challenges facing the development of the electric car industry in Egypt?
## Interview: Egypt’s Electric Car Ambitions
**Host:** Welcome back to the show. Joining us today is Dr. Alex Reed, an expert in automotive industry trends and the Middle Eastern market.
Dr. Alex Reed, thank you for being here.
**Dr. Alex Reed:** It’s a pleasure to be here.
**Host:** Egypt has recently announced the start of manufacturing its first locally designed electric car. President al-Sisi has been vocal about Egypt’s ambitions in the electric vehicle sector. Can you tell us more about this exciting development?
**Dr. Alex Reed:** Absolutely. This is indeed a significant step for Egypt. As President al-Sisi himself highlighted, Egypt recognizes the global shift towards electric mobility and wants to be a part of this revolution [[1](https://evs-electrify.com/)]. The government has voiced its commitment to creating a favorable environment for electric car adoption through incentives and infrastructure development. This includes allocating substantial funding, 100 billion pounds, to support the electric vehicle industry [[1](https://evs-electrify.com/)].
**Host:** It seems Egypt is determined not to be left behind in this technological wave.
**Dr. Alex Reed:** Precisely. The President’s proactive approach, visiting countries like Japan and Korea to learn about their EV strategies shows his dedication to making Egypt a hub for electric vehicle manufacturing and innovation.
**Host:** What do you see as the future of the electric car industry in Egypt?
**Dr. Alex Reed:** While it’s still early days, Egypt has the potential to become a significant player in the electric vehicle market. The government’s commitment, coupled with the country’s growing population and increasing demand for affordable and sustainable transportation options, provides a strong foundation for growth.
However, challenges remain. Developing a robust charging infrastructure will be crucial, as will ensuring affordability for consumers.
**Host:** Dr. Alex Reed, thank you for your insightful analysis. We look forward to following Egypt’s progress in the electric vehicle sector.
