Why did the government hold a special celebration for the return of Al-Nasr Automotive Company, and why were all Egyptians happy about the company’s return to work and the machine was working again in the production lines? What is the story of Al-Nasr Automotive, and how did Sisi bring it back to life again, and what is the message that the state conveyed through the redevelopment and modernization of the company? All of this we will know in detail with you. In this video, stay with us until the end
Al-Nasr Automotive Company can be said to have a special status because it was not just a car company, but it was a symbol of national independence at the time and a symbol of the beginning of the era of heavy industrialization in Egypt, specifically in the sixties of the last century, when Egypt decided to make an industrial revolution after the evacuation and the end of the occupation, and the iron and steel factories in Helwan and the spinning factories were operating. And textiles in Shubra and Mahalla al-Kubra, and began manufacturing televisions, transistors, clothes, and refrigerators. At that time, Egypt was on the verge of becoming Korea or Japan, had it not been for what happened after that in 1967, and the wars that Egypt entered and their high cost, which caused all efforts to go to the war effort, and thus neglecting the development of factories. However, there was no mechanism in it. The continuous development of these factories and many other things contributed to the deterioration of the Egyptian industry and left it lagging behind the competition of foreign products.
Ok, what happened next?
As a result of negligence in the era of the seventies and eighties, many of these companies began to achieve huge losses, and many of them closed or deteriorated, including Al-Nasr Automotive Company, which used to manufacture most of the means of transportation, starting from taxis and owners, up to lorries, buses, and agricultural tractors. The situation remained like this until President Sisi came to power and who decided It saves what can be saved from the citadels of ancient Egyptian industry and began an arduous and costly development journey and began rehabilitating and developing factories, whether in spinning and weaving, iron and steel, cement and ready-made clothing, including Al-Nasr Motors Company, which today Egypt is celebrating its return to production after a 10-year hiatus and began assembling 110 tourist buses in cooperation. With the Chinese company Yuteng, it is now seeking to enter the market strongly during the coming period by producing the first new bus after the return of life to its factories in the Wadi Hof area in Helwan.
Al-Nasr Automotive’s development plan includes manufacturing electric buses locally in 2025, and it is planned that a major company will return as part of the plan to localize the automobile industry in Egypt with international companies that have begun entering Egypt in recent months and that are working to transform Egypt into a global center for the automobile industry and export as well.
Dr. Mostafa Madbouly, Prime Minister, said today in a celebration of the return of the Al-Nasr Automotive Company to production, within the directives of Egyptian President Abdel Fattah Al-Sisi to pay attention to the industry, that the government is working to make optimal use of the state’s assets, and that he will not neglect any of those assets. He also said that the government has tried every means to return Al-Nasr Company. For cars to operate again… We worked to prevent the recurrence of the problems that threaten the work of Al-Nasr Automotive Company. This is the government’s message, which is that any industrial assets will be exploited and put into service no matter how long it takes.
