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 challenges and opportunities exist for international companies considering investing in Egypt’s electric vehicle market?
## Interview: Egypt’s Electric Vehicle Ambitions
**Host:** Welcome back to the show. Today we’re discussing Egypt’s growing focus on electric vehicles. President Sisi recently spoke passionately about this at the International Forum and Exhibition for Industries, emphasizing Egypt’s commitment to becoming a major player in the electric car market. Joining us to discuss this is [Guest Name], an expert on the Egyptian automotive industry. Welcome to the show.
**Guest:** Thank you for having me.
**Host:** President Sisi made some bold statements about Egypt’s ambitions in the electric vehicle sector. What did you find most striking about his comments?
**Guest:** I think the most striking thing was his determination and urgency. He explicitly acknowledged that Egypt might have missed out on the traditional car industry but was determined not to do so with electric vehicles. He highlighted Egypt’s readiness to provide incentives to attract investment and even mentioned a significant financial commitment of 100 billion Egyptian pounds for this initiative. This demonstrates a serious commitment from the highest level to make Egypt a hub for electric vehicle manufacturing.
**Host:** This certainly sounds promising. How does this align with the current state of electric mobility in Egypt?
**Guest:** While Egypt’s EV market is still in its early stages, as a recent report by yocharge.com highlighted, there is a lot of potential for growth [[1](https://yocharge.com/news/revving-up-the-state-of-electric-mobility-in-egypt/)]. The President’s focus on attracting foreign investment and potentially establishing Egypt as a headquarters for EV companies is crucial for accelerating this growth.
**Host:** You mentioned attracting foreign investment. What specific challenges and opportunities do you see for international companies looking to invest in
Egypt’s EV sector?
**Guest:**
There are certainly challenges, such as establishing a robust charging infrastructure and developing local expertise in EV manufacturing. However, Egypt’s large and youthful population, growing middle class, and strategic location could make it a very attractive destination for EV manufacturers looking for new markets.
**Host:** It will be fascinating to see how this unfolds. Thank you for sharing your insights, [Guest Name].
**Guest:** My pleasure.