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 specific incentives the Egyptian government is offering to encourage investment in the electric vehicle sector?
## Egypt Drives into the Future with Electric Cars
**Interviewer:** Welcome to the show. Today, we’re discussing Egypt’s ambitious plans to enter the electric car market. Joining us is [Guest Name], an expert on the Egyptian automotive industry.
**Guest:** Thank you for having me.
**Interviewer:** President Abdel Fattah El Sisi recently highlighted Egypt’s commitment to electric vehicles, mentioning a visit to Japan and Korea back in 2016 and 17 where he first expressed Egypt’s interest in electric cars [[no information found in the provided text]. He emphasized the government’s willingness to provide incentives to attract investors and develop a successful car industry. Can you tell us more about these incentives and the current progress on establishing an electric car sector in Egypt?
**Guest:** Absolutely. The Egyptian government is heavily investing in the future of electric vehicles. A prime example is the Nasr E70, Egypt’s first domestically produced electric car [[1](https://en.amwalalghad.com/egypts-first-electric-car-nasr-e70-manufacturer-specs-photos-price/)]. It’s being manufactured by El Nasr Automotive Manufacturing Co. in collaboration with Chinese companies Dongfeng Motor Industry Import and Export Co. and Dongfeng Design and Research.
The Nasr E70 was initially slated for release in the second half of 2022. While we haven’t seen a mass rollout just yet, this project showcases the government’s commitment to establishing Egypt as a player in the global electric vehicle market.
**Interviewer:** That’s a fascinating development. President Sisi also stressed the importance of technical schools in supporting the growth of this sector. Can you elaborate on the connection between vocational training and the success of Egypt’s electric car industry?
**Guest:** President Sisi’s call for increased collaboration between businesses and technical schools is crucial. A skilled workforce is essential for the manufacturing, maintenance, and repair of electric vehicles.
Investing in technical education will equip Egyptians with the specialized skills needed to build, operate, and maintain a sustainable electric vehicle infrastructure. It creates a pipeline of talent that will drive innovation and growth in this sector.
**Interviewer:** This certainly sounds promising.
It seems Egypt is poised to make significant strides in the electric vehicle market. We thank you for sharing your insights, [Guest Name].
**Guest:** Thank you for having me.
