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 key benefits Egypt hopes to gain from investing in electric vehicle production?
## Egypt Drives Towards Electric Future: An Interview
**Host:** Welcome back. Today we’re discussing Egypt’s ambitious move towards becoming a hub for electric vehicle manufacturing. With us is [Guest Name], an expert on the Egyptian automotive industry. [Guest Name], thanks for joining us.
**Guest:** Thank you for having me.
**Host:** President Sisi recently announced a significant investment in electric car production, committing 100 billion Egyptian pounds to encourage foreign companies to establish operations in Egypt. Can you tell us more about this plan?
**Guest:** Absolutely. President Sisi has been vocal about Egypt joining the global electric vehicle revolution. Recognizing that traditional car manufacturing may have passed Egypt by, the government is proactively investing in electric car production. The plan, as outlined by the President, involves attracting international companies to set up shop in Egypt [[Source (provided text)]]. These companies would not only manufacture electric vehicles but also utilize Egypt as a regional headquarters for their operations.
**Host:** That’s a bold move. What are some of the benefits Egypt hopes to gain from this investment?
**Guest:** The President emphasized the creation of jobs and the development of local expertise as key objectives. By encouraging investment in electric vehicle production, Egypt aims to foster technological advancement and attract talented engineers and technicians [[Source (provided text)]].
Furthermore, establishing a domestic electric vehicle industry could reduce Egypt’s reliance on imported vehicles, contributing to economic growth and stability. It also aligns with the global shift towards sustainable transportation, positioning Egypt as a leader in the green economy.
**Host:** This sounds like a promising initiative. Are there any challenges that Egypt may face in realizing this goal?
**Guest:** Certainly. Building a successful electric vehicle industry requires overcoming several hurdles. These include ensuring a reliable and affordable supply of electricity for charging stations, developing a skilled workforce, and establishing a robust supply chain for raw materials and components [[Source (provided text)]].
However, with the government’s commitment and the increasing global demand for electric vehicles, Egypt has a real opportunity to carve out a niche in the sector.
**Host:** [Guest Name], thank you for sharing your insights on this exciting development. We’ll be watching closely as Egypt progresses towards its electric future.