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 factors that could affect the success of Egypt’s endeavor into the electric vehicle market?
Holmes, welcome. Thanks for joining us today.
**Holmes:** My pleasure.
**Interviewer:**
So, President Sisi recently spoke about Egypt’s ambition to enter the electric vehicle market. We’ve also seen a report stating that Egypt ranked 28th in a global e-mobility index. Could you elaborate on Egypt’s current position and future prospects in the electric vehicle market?
**Holmes:**
Certainly. While Egypt’s position on the e-mobility index suggests it’s still in the early stages, classified as a “starter market”, President Sisi’s statements reveal a clear commitment to developing the electric vehicle industry. His commitment to providing incentives, allocating significant funds, and highlighting the potential of Egypt as a regional hub are promising indicators. [[1](https://www.egypttoday.com/Article/3/128000/Egypt-takes-28th-place-in-new-int-l-e-mobility)]
**Interviewer:**
You mentioned incentives. What kind of incentives are we talking about?
**Holmes:**
While specifics weren’t mentioned in the President’s address, these could encompass tax breaks, subsidies for EV purchases, investments in charging infrastructure, and governmental support for research and development.
**Interviewer:**
Do you think these measures will be sufficient to attract investments and accelerate the adoption of electric vehicles in Egypt?
**Holmes:**
It’s too early to say definitively. However, President Sisi’s proactive approach and emphasis on a collaborative effort between the government and the private sector are encouraging. Success will depend on factors such as the effectiveness of the incentives, the development of a robust charging infrastructure, and the availability of affordable EV models tailored to the Egyptian market.
**Interviewer:**
Thank you for shedding light on this important topic, Holmes.
