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 an essential pillar in the country’s 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 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 regulatory hurdles that Egypt needs to overcome to successfully establish its electric vehicle industry?
## Egypt Revving Up for Electric Future?
**Host:** Joining us today is Alex Reed, an expert on the Egyptian automotive industry. President Sisi recently made some bold statements about Egypt’s plans for the electric vehicle market. Mr./Ms. Alex Reed, what can you tell us about these ambitions?
**Alex Reed:** Well, President Sisi’s statements highlight a clear intention to position Egypt as a player in the global shift towards electric vehicles. He’s emphasizing the need to act quickly and decisively to avoid being left behind in this rapidly evolving industry.
**Host:** He specifically mentioned visiting Japan and Korea back in 2016 and 2017 to discuss electric cars, showing a long-standing interest. What specific steps is Egypt taking to achieve this goal?
**Alex Reed:** According to President Sisi’s remarks, Egypt is willing to provide incentives to attract investment in the electric car industry. He also mentioned allocating 100 billion pounds – a significant sum – to support the establishment of an electrical vehicle industry and potentially serve as a regional hub.
**Host:** While this sounds promising, a recent international e-mobility readiness index ranked Egypt 28th, classifying it as a ’starter market’. [[1](https://www.egypttoday.com/Article/3/128000/Egypt-takes-28th-place-in-new-int-l-e-mobility)]What challenges do you foresee for Egypt in this ambitious endeavor?
**Alex Reed:** While the index ranking shows there’s room for improvement, Egypt’s determination is commendable. The challenges will involve building the necessary infrastructure, including charging stations, developing a skilled workforce, and potentially overcoming existing regulatory hurdles.
**Host:**
Thank you, Alex Reed, for providing your insights on this critical topic. It seems Egypt is placing its bets on the future of electric mobility. Only time will tell how successful these endeavors will be.
