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 an essential pillar in the country’s 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 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 potential economic and employment benefits of Egypt’s foray into the electric vehicle industry?
## Egypt Aims for Electric Future: An Interview
Today we have [Guest Name], an expert on Egyptian industry and economics, to discuss President Sisi’s recent statements on Egypt’s commitment to the electric vehicle industry. Welcome, [Guest Name].
**Interviewer:** President Sisi made bold pronouncements about Egypt’s entry into the electric car market, citing a 100-billion-pound donation from the state. What are your thoughts on this ambitious plan?
**Guest:**
The President’s statements are certainly ambitious and signal a strong commitment from the Egyptian government to embrace electric vehicles [[1](https://www.electrive.com/2023/06/06/egypt-accelerates-transport-transition-with-large-scale-vehicle-conversions/ )].
He emphasized the willingness to provide incentives and attract investors to make this venture successful. His previous interest in electric cars, dating back to 2016 and 2017, shows a long-standing vision for this sector.
**Interviewer:**
Earlier this year, we saw reports regarding plans to convert over 100,000 vehicles to electric drives in Egypt. How does this announcement fit into the larger picture?
**Guest:**
This significant effort to convert existing vehicles aligns perfectly with the President’s vision. It shows a pragmatic approach, leveraging existing infrastructure while simultaneously pushing towards a more sustainable future.
**Interviewer:**
Do you think Egypt has the resources and infrastructure to achieve this ambitious goal?
**Guest:**
That’s a crucial question. While Egypt possesses potential, it will require significant investment in charging infrastructure, skilled labor, and technology transfer. However, the President’s emphasis on public-private partnerships and attracting international investors offers a hopeful path forward.
**Interviewer:**
President Sisi also stressed the importance of technical education. How crucial is that for this endeavor?
**Guest:** A skilled workforce is essential for any successful industrial transition. Investing in technical schools, as the President advocated, will be vital in equipping Egyptians with the skills needed for this new industry.
**Interviewer:**
Thank you, [Guest Name], for sharing your insights into Egypt’s electric vehicle ambitions. It will be fascinating to track the progress of this initiative in the coming years.
