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 some of the key strategies that Egypt is employing to overcome these challenges and achieve success in the EV industry?
## Egypt’s Electric Push: An Interview with [Guest Name]
**(Host):** Welcome back to the show. Today we’re discussing Egypt’s ambitious plans to become a major player in the electric vehicle market. With me is [Guest Name], an expert in [Guest’s Relevant Expertise]. [Guest Name], thanks for joining us.
**(Guest):** Thank you for having me.
**(Host):** President Sisi recently made some bold statements about Egypt’s commitment to electric vehicles. He emphasized the country’s readiness to incentivize investors and embrace this technology. What are your thoughts on this?
**(Guest):** This clearly signals a strong commitment from the Egyptian government. President Sisi’s statements about entering the EV market, especially after acknowledging they missed the traditional car boom, show a proactive approach. Allocating 100 billion pounds for this initiative demonstrates a serious financial commitment.
**(Host):** What are some of the key factors that could make Egypt a successful player in the global EV market?
**(Guest):** Egypt has several advantages. Existing infrastructure for traditional car manufacturing can be adapted, and the availability of skilled labor is a plus.
The government’s focus on incentivizing investment is crucial, particularly for attracting foreign companies with the necessary technology and expertise.
**(Host):** The President also mentioned aiming for a fast turnaround and encouraging investment. What are the potential challenges they might face in achieving these goals?
**(Guest):** Time is of the essence, and bureaucracy can sometimes hinder progress. Streamlining regulations and ensuring a transparent investment environment will be crucial.
Building a robust charging infrastructure throughout the country will be essential for the widespread adoption of EVs, and that requires significant investment and coordination.
**(Host):** President Sisi also stressed the importance of technical schools and vocational training. How crucial is this aspect to achieving success in the EV industry?
**(Guest):** Absolutely vital. A skilled workforce is essential. Investing in technical schools and training programs specifically focused on EV technology will ensure Egypt has the qualified personnel needed for manufacturing, maintenance, and research & development.
**(Host):** Thank you so much for sharing your insights, [Guest Name]. This is certainly a development worth watching closely.
**(Guest):** My pleasure. It’s an exciting time for Egypt and the future of electric mobility.
