Prime Minister Dr. Mostafa Madbouly confirmed that this week witnessed a very important event as a positive sign regarding the automotive industry file, as the Swedish Ezz Al-Arab factory to manufacture the Malaysian brand was opened in conjunction with the visit of the Prime Minister of Malaysia.
Production of Ezz Al Arab Swedish car manufacturing factory
He stated that the factory aims to produce 40,000 cars per year and double that to 80,000, within the framework of the Egyptian state’s work to localize the automobile industry, and an agreement was made with more than one international company so that during the next three years there will be a very large industry, and thus Egypt will be a center for these advanced industries. .
Transfers from Egyptians abroad
During the press conference held a short while ago in the Administrative Capital, Madbouly spoke about achieving strong growth in remittances from Egyptians working abroad in the past two months, as remittances increased last August to reach $2.6 billion, compared to the same month in 2023, which expresses confidence. The increase in the Egyptian economy and the increase in national income, indicating that it reached 5.6 billion dollars in the months of July and August.
