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 infrastructure needs to be developed in Egypt to support a transition to electric vehicles?
## Egypt’s Electric Vehicle Ambitions: An Interview
**Host:** Welcome back to the show. Today we’re discussing Egypt’s ambitious plans to transition to electric vehicles. Joining us is [Guest Name], an expert on the Egyptian automotive market. Welcome to the show.
**Guest:** Thanks for having me.
**Host:** President Al-Sisi recently announced a significant investment in the electric vehicle industry, allocating 100 billion pounds to develop this sector. Can you tell us more about this initiative?
**Guest:** Absolutely. President Al-Sisi has stated his commitment to making Egypt a hub for electric vehicle manufacturing. This substantial investment aims to attract international companies and encourage the development of a domestic electric vehicle industry. As he said himself, Egypt doesn’t want to be left behind in this global shift towards sustainable transportation. [ [1](https://www.electrive.com/2023/06/06/egypt-accelerates-transport-transition-with-large-scale-vehicle-conversions/) ]
**Host:** It’s interesting that this comes after plans to convert over 100,000 traditional vehicles to electric drives, as we saw earlier this year.
**Guest:** Precisely. This shows a two-pronged approach. Alongside attracting new investment in electric vehicle production, Egypt is also actively working on retrofitting existing vehicles. This is a smart move to accelerate the adoption of electric mobility within the country.
**Host:** What are the challenges and opportunities that lie ahead for Egypt in this endeavor?
**Guest:** Egypt faces challenges like developing a robust charging infrastructure and ensuring the availability of skilled labor. However, the government’s commitment, combined with the growing global demand for electric vehicles, presents a significant opportunity for Egypt to emerge as a key player in this rapidly expanding market.
**Host:** Thank you for sharing your insights on this exciting development.
**Guest:** My pleasure.