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 specific financial incentives Egypt is offering to attract international electric vehicle manufacturers?
## Egypt Edges Towards Electric Vehicle Revolution
**Interviewer:** President Sisi has recently made statements about Egypt’s commitment to becoming a hub for electric vehicle manufacturing. Can you tell us more about this initiative?
**Guest:** President Sisi’s vision is clear: Egypt doesn’t want to be left behind in the global shift towards electric vehicles. As he stated, they realize the traditional car industry has already progressed, so instead of trying to catch up, they’re focusing on building a foundation for the future of mobility. [[[1](https://www.reddit.com/r/Egypt/comments/uso6bf/i_dont_see_how_electric_cars_can_be_successful_in/) ]
**Interviewer:** What specific measures is the Egyptian government taking to support this ambition?
**Guest:** President Sisi has committed to substantial financial incentives to attract international companies to invest in electric vehicle production in Egypt. He mentioned a dedicated fund of 100 billion Egyptian pounds, essentially a state donation, to encourage this growth. This signifies a serious commitment from the government. [[[1](https://www.reddit.com/r/Egypt/comments/uso6bf/i_dont_see_how_electric_cars_can_be_successful_in/) ]]
**Interviewer:** How do these plans address the concerns people have raised about the feasibility of widespread electric vehicle adoption in Egypt?
**Guest:** It’s understandable that people have concerns. Existing infrastructure, electricity supply, and affordability are all valid factors. But President Sisi’s push for investment in the electric vehicle industry suggests they are tackling these challenges head-on. It’s a long-term strategy that involves building a whole ecosystem, not just manufacturing cars. This includes investing in charging infrastructure and potentially renewable energy sources for a sustainable electric future.
**Interviewer:** What does this mean for the average Egyptian citizen?
**Guest:** If successful, this initiative could lead to more affordable and environmentally friendly transportation options for Egyptians. It could also create new job opportunities in a burgeoning industry. However, it’s important to monitor how the government addresses the initial challenges and ensures the benefits of this transition reach all segments of society.
