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 specific incentives could attract international companies to invest in Egypt’s electric vehicle sector?
## Egypt’s Electric Vehicle Ambitions: An Interview with Automotive Expert [Guest Name]
**Host:** President Abdel Fattah El-Sisi has reaffirmed Egypt’s commitment to becoming a major player in the electric vehicle market. He’s pledged state funding and incentives to attract international companies. What are your thoughts on this initiative, and what are the potential opportunities and challenges ahead for Egypt?
**[Guest Name]:** This is a bold move by President Sisi, and it reflects a clear vision to position Egypt at the forefront of the global electric vehicle revolution. The commitment of 100 billion Egyptian pounds demonstrates a serious intent to develop the necessary infrastructure and support industries.
The potential opportunities are immense.
Firstly, Egypt can create a significant number of jobs in manufacturing, research and development, and supporting industries like charging infrastructure.
Secondly, it can reduce its reliance on fossil fuels and contribute to a cleaner environment. This aligns with global efforts to combat climate change.
However, there are also challenges. Building a competitive electric vehicle industry takes time and investment. Egypt will need to develop a skilled workforce, attract foreign investment, and ensure a reliable supply chain for batteries and other critical components.
**Host:** The President mentioned visiting Japan and Korea in 2016 and 17 to discuss electric vehicles. How important is it for Egypt to collaborate with established players in the industry?
**[Guest Name]:** Collaboration is absolutely crucial.
Learning from the experiences of countries like Japan and Korea, who have already made significant strides in electric vehicle technology and infrastructure, will be invaluable.
Through technology transfer, joint ventures, and knowledge sharing, Egypt can accelerate its own progress and avoid costly mistakes.
**Host:** The President also mentioned encouraging investors to work and develop. What kind of incentives would be attractive to international companies considering investing in Egypt’s electric vehicle sector?
**[Guest Name]** A combination of factors will be crucial:
Firstly, **clear and stable regulations** that provide long-term certainty for investors. Secondly, **tax breaks and subsidies** can incentivize investment in manufacturing and research. Thirdly, **incentives for consumers** to purchase electric vehicles can stimulate demand and create a larger market.
**investing in a robust charging infrastructure** is essential to make electric vehicles a practical choice for consumers.
**Host:** what do you see as the future for Egypt’s electric vehicle industry?
**[Guest Name]:** I believe that with the right policies and a focused effort, Egypt has the potential to become a major electric vehicle hub in the Middle East and North Africa. This will not only benefit the economy but also contribute to a more sustainable future.
**Host:** Thank you for your insights, [Guest Name]. This is certainly an exciting time for Egypt’s automotive industry, and the world will be watching closely as this ambitious plan unfolds.
