Today, Dr. Mostafa Madbouly, Prime Minister, chaired the meeting of the Supreme Council for the Automotive Industry, in the presence of Dr. Hala Al-Saeed, Minister of Planning and Economic Development, Dr. Mohamed Maait, Minister of Finance, and Lieutenant General Engineer/ Kamel Al-Wazir, Minister of Transport, and Engineer/Mohamed Salah El-Din, Minister of State for Military Production, Engineer Mahmoud Esmat, Minister of Public Business Sector, Engineer Ahmed Samir, Minister of Trade and Industry, Mr. Walid Gamal El Din, Chairman of the General Authority of the Suez Canal Economic Zone, and Eng. Hossam Abdel Aziz, and Engineer Ihab. Badawi, Dr. Ahmed Fekry, members of the Supreme Council for the Automotive Industry, and officials of “e-Finance” and the companies: “Nissan Motors,” “Mantra Motors,” “Ezz El-Sewedy Factories,” “Itamco,” and “Ghabbour Misr.” “Global Auto”.
The Prime Minister began the meeting by emphasizing that the state attaches great importance to the automobile industry in Egypt, and has taken great strides in developing this industry, by working to encourage and motivate companies that manufacture and assemble cars, through several incentives provided by the state.
Dr. Mustafa Madbouly added that the current meeting is being held within the framework of following up on all files related to this sector, and at the heart of it is following up on the position of the companies that were signed with to localize and deepen this industry, in light of the incentives proposed by the state, expressing the government’s aspiration for a breakthrough in this sector to be achieved. sector soon, pointing at the same time to the state’s interest in the electric cars file, as it is the future of the industry, and therefore focus must be placed on this file as well.
Counselor/Mohamed Al-Homsani, the official spokesman for the Presidency of the Council of Ministers, stated that during the meeting, a presentation was made on following up on the position of mechanizing the procedural cycle of the National Program for the Development of the Automotive Industry in cooperation with the “E-Finance” company, whose launch comes within the framework of encouraging the local car industry and assembly to maintain Current assembly and manufacturing capabilities and their development, reducing import costs and reducing foreign exchange consumption, as well as maximizing the role of the private sector as an effective partner in economic growth.The official spokesman added that during the review of what was presented by e-Finance, reference was made regarding the road map for implementing the program, which was implemented in two phases. The first phase included registering each of the factories, companies, and models, while the second phase included managing applications for the incentive. And the engine for calculating this incentive, in addition to integration with the “Nafza” system, where all user acceptance tests and security and encryption procedures for the first stage were passed, in addition to reserving the domain for the platform that was launched last November, and in this regard, registration was made available and the first integration was launched. With the electronic invoice in February 2024, and in light of this, an operational report was presented for the car companies that have joined the program so far, and integration with the “window” of the second phase was launched this May.
The official spokesman indicated that, during the meeting, the current situation of the automobile market in Egypt was also reviewed. In this context, the performance of Nissan Motor Egypt in exports was presented, as the company plans to expand in export markets by increasing the target countries from 3 to 8 countries during 2024, and there is a direct investment worth more than one billion pounds to introduce a new model, and the new model is being studied. The investment will begin before the end of the current year, and a presentation was made about the projects proposed for manufacturing and assembling cars at Al-Mansour Automotive Company, through a new car production project, and other projects under study, as it was noted that the duration of this project is 5 years, and it will begin. In production as of the second quarter of 2025, with investments amounting to $20 million, the project provides 5,000 direct and indirect job opportunities.
At the same time, a presentation was made on the current position of the “GB Auto” vehicle industry development program, during which it was noted that the company is building a new factory at the highest levels of technology with a capacity of 12 units per hour, and it will produce various brands of passenger cars and commercial cars with an investment Approximately 3 billion pounds, and it is expected that work on the factory will begin early next year with brands and models that will be part of the national program for developing the automotive industry.
During the meeting, Global Auto’s plan to manufacture a new car was reviewed, as it was noted that the company contracted new production lines with an approximate investment of $15 million, creating approximately 500 direct job opportunities in the factory and with suppliers, in addition to providing… Nearly 300 indirect job opportunities, as well as investments in local development worth $5 million, in addition to presenting a presentation to “Ezz Al Suwaidi Factories”, which included a review of the assembly line that will be supplied from one of the major Asian countries, and will be installed and operated on a trial basis within the months. In the next few years, the presentation also included a strategy to localize a number of car models locally.
The official spokesman indicated that the “electronic application” specialized in calculating the incentive that each company will receive within the automotive industry development program was also presented.
#Presidency of the Council of Ministers
The Prime Minister chairs the meeting of the Supreme Council for the Automotive Industry
