Automotive

about Automotive

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 efforts to achieve the 2030 sustainable development goals and spread dependence on electric cars and build new cities. Egypt is qualified to manufacture electric cars in the Middle East and Africa.Egypt aims to raise the percentage of the local component in the automotive industry, exporting and selling it as one of the pillars 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 expansion, legislative reforms and government measures that support the automotive industry and the implementation of infrastructure projects, especially in the field of transportation and roads, which facilitates access to various markets, especially in East Africa.

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