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 challenges might Egypt face in becoming a major player in the electric vehicle industry?
## Egypt revs up its EV industry with ambitious vision
**Host:** Welcome back to the show. Today we’re discussing Egypt’s foray into the electric vehicle market, an ambitious undertaking announced by President Abdel Fattah El-Sisi himself. Joining me to unpack this exciting development is [Guest Name], an expert on the automotive industry in the Middle East.
**Guest:** Thanks for having me.
**Host:** President Sisi recently stated during a forum that Egypt is ready to become a major player in the electric car industry, even after missing the wave of traditional car manufacturing. This is a bold statement. What are your initial thoughts?
**Guest:** I think it’s a testament to Egypt’s commitment to diversifying its economy and embracing future-proof technologies. The global shift towards electric vehicles is undeniable, and Egypt wants to position itself at the forefront of this revolution.
**Host:** The president mentioned allocating 100 billion Egyptian pounds for this venture. What kind of impact could this investment have?
**Guest:** This kind of financial backing shows serious intent. It could attract foreign investment, facilitate the establishment of manufacturing plants and R&D facilities, and ultimately lead to the creation of jobs and a vibrant EV ecosystem within Egypt. [1](https://egypt.yallamotor.com/electric-cars)
**Host:** Importantly, the president highlighted Egypt’s goal to be a source for electric car production, not just a consumer. Do you think this is achievable?
**Guest:** It’s ambitious, but not impossible. Egypt has a growing manufacturing base and a strategic location. Coupled with this significant investment and governmental support, there’s a real possibility of Egypt becoming a regional hub for EV production.
**Host:** What opportunities do you see this presenting for businesses and consumers?
**Guest:** For businesses, this opens doors to participate in a new and burgeoning market, whether through manufacturing, logistics, or providing charging infrastructure. For consumers, it could mean access to more affordable and sustainable transportation options down the line.
**Host:** President Sisi also mentioned his early interest in electric vehicles. What does this signal about the government’s long-term vision?
**Guest:** It suggests a strategic, forward-looking approach. The government has been thinking about this for some time and seems determined to make Egypt a leader in the region’s electric mobility transition.
**Host:** Thank you for shedding light on this important topic, [Guest Name].
**Guest:** My pleasure.
