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 policy measures do experts suggest Egypt should implement to address the challenges of higher upfront EV costs and the need for charging infrastructure?
## Egypt Aims to Be an Electric Vehicle Hub
**Interviewer:** Welcome to the program. Today, we’re discussing President al-Sisi’s recent announcement regarding Egypt’s ambitious plans to become a major player in the electric vehicle (EV) industry. Joining us is Alex Reed, an expert on [Alex Reed Expertise]. Alex Reed, thanks for being here.
**Alex Reed:** It’s a pleasure to be here.
**Interviewer:** President al-Sisi outlined a bold vision for Egypt’s future in the EV sector. What are the key takeaways from his statement?
**Alex Reed:** The President’s message is clear – Egypt is determined to not be left behind in the global shift towards electric vehicles. He emphasized the government’s commitment to providing incentives to attract investment in this sector. The allocation of 100 billion Egyptian pounds clearly demonstrates a serious commitment.
**Interviewer:** This comes after his visits to Japan and Korea in 2016 and 2017 where he discussed electric vehicles. It seems Egypt has been considering this for some time now.
**Alex Reed:** Absolutely. This isn’t a sudden decision. President al-Sisi has been signaling Egypt’s interest in electric vehicles for several years. The fact that the government is now taking concrete steps to realize this vision is a positive sign.
**Interviewer:** However, there are challenges. Higher upfront costs for EVs compared to traditional vehicles and the need for a robust charging infrastructure are significant hurdles. How does Egypt plan to address these?
**Alex Reed:** There are indeed challenges, but the president’s vision emphasizes attracting investment, which can help overcome these hurdles. We need to see specific policy measures related to subsidies, tax incentives, and investment in charging infrastructure.
**Interviewer:** We know that Statista projects the EV market in Egypt to reach US$4.9 million in 2024. [[1](https://www.statista.com/outlook/mmo/electric-vehicles/egypt)]. What does this tell us about the current state of the EV market in Egypt?
**Alex Reed:** While the projected market size is relatively small, it’s important to remember that this is the beginning of a journey. The government’s commitment and the increasing global focus on sustainability will likely lead to significant growth in the EV market in Egypt in the coming years.
**Interviewer:** Thank you for your valuable insights, Alex Reed. This is a developing story, and we will continue to follow Egypt’s progress in its ambitious EV journey.
