Indeed, Egypt will have a real and strong car industry that will be able to suffice the local market with the car industry, and will it be possible to export it to Europe, America, and international markets, and how will it be able to achieve this difficult equation.. Follow us until the end and you will find out the details in this video..
In the recent period, the Egyptian state has been working on the issue of industry in general, and the automobile industry in particular, and the state’s direction is on the path to exporting cars and producing them locally in 2026, and these were the words of the Deputy Prime Minister and Minister of Industry, Lieutenant General Kamel Al-Wazir.
The minister said that Egypt has taken a very important step to serve the local automobile industry, and that we are now working on making Egypt the gateway to the African market, and thus it will repeat the experience of leading countries in the automobile and tire industry, such as Malaysia, Korea, China, and Japan.
I mean, we can say that the government developed radical solutions to the problems of this industry, and indeed it also worked to develop it and accelerated the nationalization of the automobile industry, in order to get rid of the structural imbalance in the trade balance, which resulted from the high value of Egypt’s import bill, which exceeded the barrier of 90 billion dollars annually, in While the volume of our exports does not exceed $40 billion annually.
In terms of numbers, the volume of Egypt’s import of cars exceeds the barrier of 5 billion dollars annually, equivalent to 10% of the size of the import bill, and currently the state, according to the statements of the Minister of Industry, has begun to localize the automobile industry in Egypt by sponsoring the establishment of commercial partnerships between local and international investors, and also The Malaysian Prime Minister’s recent visit to Egypt witnessed the opening of a car factory in cooperation with an international brand, and a local investor working in the distribution of the same brand.
This factory is the Proton Saga car factory, and we can say that Egyptian-Malaysian cooperation has taken a new form in the recent period, especially in the strategic industry, such as the automobile industry, which represents an important step within the framework of the national strategy to localize the industry, because of course, after its implementation, feeding industries will be established on a global level. .
The automobile industry in Egypt aims to reach the economies of mass production and qualify to establish a real automobile industry instead of simply assembling them. All of this contributes to pumping more local and foreign investments, and transforming Egypt into a regional industrial center. Let us be sure that the countries of the world that have a strong automobile industry are like Japan, Germany, America and Europe began the story step by step and began by manufacturing spare parts and cars on a limited basis and within the limits of one or two companies in each country before they had huge industrial castles now. That is why we tell you that Egypt scratched its leg at the beginning of the road and the most important thing in all of this is continuity and planning. Strategic and scientific, this is what is happening now in all activities of the Egyptian economy.
All of this confirms that the automobile industry in Egypt will have repercussions on the country’s economic indicators, such as reducing Egypt’s import bill, localizing the automobile industry, increasing exports, reducing unemployment rates, strengthening foreign exchange reserves, and contributing to raising and improving the industry’s output in the gross domestic product. So that it will be 20% instead of 14%, and all of these are very positive indicators that say that we will remain among the leading countries in the automobile industry.
