Automotive

Egypt consistently ranks at the top of the list globally for auto assembly manufacturers, and auto supply companies within the Middle East and North Africa (MENA) region.

Egypt is currently expanding in the automotive industry within the framework of the new development movement aimed at enhancing local production capacity in addition to working to start the production of electric cars, as part of Egypt's efforts to achieve the 2030 sustainable development goals and spread dependence on electric cars and build new cities.

Egypt is qualified to manufacture electric vehicles in the Middle East and Africa. The Suez Canal Zone is a candidate to become a hub for the manufacture of electric vehicles. 

Egypt aims to raise the percentage of the local components in the automobile industry, exporting and selling cars as one of the axes of its strategy in developing the automobile industry.

Among the factors that make Egypt attractive to investment in the automotive industry is the size of its local market and its expected expansions, legislative reforms, road and infrastructure repairs, which facilitated access to other markets, especially East Africa.​

For more info click here