Al-Sisi Announces 100 Billion Pound Investment in Developed Industry

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 challenges Egypt might face in its pursuit of becoming a major player in the electric vehicle market?

## Egypt Sets Sights on Electric Vehicle Future with Billion Dollar Investment

Today, we have⁤ the pleasure of speaking with Dr. Ahmed Hassan, an automotive industry expert, about President Abdel Fattah El-Sisi’s recent announcement regarding Egypt’s push into the electric vehicle market. Dr. Hassan, thank you for joining us.

**Interviewer:** President ​Sisi has clearly ⁣outlined his vision for Egypt to become a major ⁣player in the electric car industry. What do you make​ of this ambitious plan?

**Dr. Hassan:** I believe it’s a bold ⁢and necessary step. ⁣ The global⁢ shift towards electric⁤ vehicles is undeniable, and Egypt has the potential to carve out a significant⁣ position within this growing sector. The President’s commitment to providing incentives and investing 100 billion pounds clearly shows the seriousness‍ of ⁢this⁤ commitment.

**Interviewer:** The President mentioned visiting countries like Japan ​and‌ Korea in the past to discuss electric car development. How important are these international partnerships for Egypt’s success in this field?

**Dr. Hassan:** ⁣Absolutely crucial. Learning from ⁣established players like Japan and ⁢Korea, known for their technological expertise and ⁤manufacturing capabilities, will be invaluable for Egypt. These partnerships can help facilitate technology transfer, knowledge sharing, and even joint ventures, accelerating Egypt’s entry into the electric vehicle ​market.

**Interviewer:** We see that Peugeot and Porsche already have electric models available in Egypt [[1](https://egypt.yallamotor.com/electric-cars)]. Do you think this signals a positive trend for the local market?

**Dr. Hassan:** Definitely. The ‍presence of global automotive brands with electric offerings in Egypt shows that there’s ⁢a growing demand and a willingness to ‍embrace this new ⁤technology. This creates a foundation for ​further investment and expansion within the ​sector.

**Interviewer:** President Sisi also emphasized the ​importance of technical education. How do⁣ you see this connecting with the⁣ development of the electric vehicle industry in Egypt?

**Dr. Hassan:** ⁣This is a critical aspect. A skilled workforce is essential to build and maintain electric vehicles. By encouraging businesses to support technical schools, the government is

laying the groundwork for a pipeline of ⁣qualified technicians and ​engineers who will be vital‍ to the success of this​ industry.

**Interviewer:** Thank you, Dr. Hassan, for sharing ⁤your valuable insights. ⁣It⁢ seems Egypt is​ embarking on an exciting journey towards a greener and more sustainable automotive ‌future.

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