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 main goals that President Sisi hopes to achieve with Egypt’s investment in the electric vehicle industry?
Let’s interview Dr. Ahmed Khalil, an expert in the Egyptian automotive industry, to discuss President Sisi’s recent statements about Egypt’s push towards electric vehicles.
**Interviewer:** Dr. Khalil, President Sisi recently emphasized Egypt’s commitment to investing in the electric vehicle industry. Could you elaborate on these announcements and their significance?
**Dr. Khalil:** Absolutely. The President’s statements reaffirm Egypt’s ambitious plans to establish itself as a player in the global electric vehicle market. He highlighted the government’s willingness to incentivize investments in this sector, even mentioning a dedicated 100 billion Egyptian pound fund. This demonstrates a strong commitment to attracting foreign companies and fostering domestic production.
**Interviewer:** President Sisi also mentioned visits to Japan and Korea in 2016 and 2017 to discuss electric vehicles. What can you tell us about Egypt’s strategy in terms of collaboration with international partners?
**Dr. Khalil:** These visits signify Egypt’s proactive approach to learning from leading electric vehicle manufacturers. Collaborating with countries like Japan and Korea, known for their technological advancement in this field, is crucial for knowledge transfer and technology acquisition. Egypt aims to leverage these partnerships to build a robust local electric vehicle ecosystem.
**Interviewer:** What are some of the potential challenges and opportunities that Egypt faces in its pursuit of becoming a hub for electric vehicles in the region?
**Dr. Khalil:** While the government’s commitment is encouraging, there are challenges, including developing the necessary infrastructure for charging stations and addressing consumer concerns about affordability and range anxiety. However, Egypt possesses several opportunities. Its strategic geographic location, abundant renewable energy resources, and growing domestic market present a favorable environment for electric vehicle adoption.
**Interviewer:**
how do you see the advancements in the electric vehicle sector impacting Egypt’s overall economy and environmental sustainability goals?
**Dr. Khalil:** A successful electric vehicle industry can positively impact Egypt’s economy through job creation, technological advancement, and export opportunities. Moreover, transitioning to electric vehicles aligns with Egypt’s commitment to reducing its carbon footprint and mitigating climate change impacts. The success of this initiative will depend on a coordinated effort from the government, private sector, and Egyptian citizens.
**Interviewer:** Thank you, Dr. Khalil, for sharing your insights into this crucial development.
