Tuesday 12/November/2024 – 12:09 PM
Participate engineer team Kamel Al-WazirDeputy Prime Minister for Industrial Development and Minister of Industry and Transport, at the Ezz Al-Arab Elsewedy Automotive Group’s celebration of the opening of the Proton Saga car factory, in the presence of Anwar Ibrahim, Prime Minister of Malaysia, the Ministers of Foreign Affairs, Trade and Natural Resources of the State of Malaysia, and Engineer Hisham Ezz Al-Arab, Chairman of the Board of Directors. Ezz Al-Arab Al-Suwaidi Group, and Sayed Faisal Al-Bar, Chairman of the Board of Directors of Proton Company.
At the beginning of his speech during the opening activities, the Deputy Prime Minister for Industrial Development and Minister of Industry and Transport expressed his happiness at participating in this celebration held by the Ezz Al-Arab Al-Suwaidi Group, which is the exclusive agent for the Malaysian Proton brand, as the factory is scheduled to begin producing the car in December 2024.
The Minister stressed that Egypt and Malaysia have close relations at all levels, as Egypt is the fifth largest African trading partner of Malaysia, as the volume of trade exchange between the two countries has grown in recent years by 55%, and Egyptian exports to Malaysia have also achieved a growth of 35%, and the most important… These exports are in phosphate, fertilisers, agricultural crops, and iron, while Malaysian investments in Egypt are concentrated in the oil, gas, electricity, and contracting sectors. Tourism, and information technology.
The opening of the Ezz Al-Arab Al-Suwaidi factory for manufacturing cars
The Minister explained that this important opening coincides with the official visit of Anwar Ibrahim, Prime Minister of Malaysia, to Egypt and his meeting with President Abdel Fattah El-Sisi, President of the Republic, where the two sides agreed to strengthen political relations between the two countries, and that Malaysia will host the second meeting of the Egyptian-Malaysian Joint Committee during the coming period. The two sides also appreciated the efforts made to deepen joint cooperation in the fields of digital economy, agricultural commodities, infrastructure development, and renewable energy. The two sides also stressed the importance of the free trade agreements of the Association of Southeast Asian Nations – ASEAN, and the Common Market for East and South… Africa – COMESA – to benefit both countries.
The minister pointed out that Egyptian-Malaysian cooperation is currently taking a new form in one of the strategic industrial fields, which is the automobile industry, which represents an important step within the framework of the national strategy for the localization of the industry, as it entails the establishment of high-level feeder industries. This joint cooperation resulted in the establishment of the Swedish Ezz Al-Arab factory, which aims to Achieving an annual production capacity of up to 40 thousand cars, and reaching 80 thousand cars at a later stage, with a local component of 48% and an expected investment volume of 3 billion pounds, and the percentage of exports reaching 10% per year. The first will increase in the following years, in addition to the factory providing job opportunities of up to 300, pointing out that the automobile industry in Egypt aims to reach the economies of mass production and qualify to establish a real automobile industry instead of just assembling them, which will contribute to pumping more local and foreign investments. .
The Minister noted that participation in the celebration of the opening of the Swedish Ezz Al-Arab factory for manufacturing Proton cars comes out of keenness to support and encourage increasing the production capacities of the factories, with the aim of providing the needs of the local market, especially in the field of automobile manufacturing, and then exporting abroad with high quality and competitive prices, in implementation of the directives of the President of the Republic. By transforming Egypt into a regional industrial center in accordance with the latest environmental and sustainable standards, noting that within the framework of achieving this trend, the Ministry of Industry has prepared the National Strategy for Industry 203/2024, which includes the future vision in light of The components that Egypt enjoys in terms of regional status and strategic location, the diversity of resources, advanced infrastructure, the development of financial and monetary policies, investment incentives and guarantees, and the increase in market size, with the presence of the main capabilities for the development of green industries and industrial sectors qualified to deepen local industrialization.
