Representative Nader Youssef Naseem, Undersecretary of the Religious Committee in the Senate, said that the restart of Al-Nasr Automotive Company and its return to production represents a pivotal step in the path of developing the Egyptian industrial sector and strengthening the national economy, indicating that this event acquires exceptional importance as it contributes to strengthening the local product and localizing one of the strategic industries. Which can constitute a vehicle for sustainable economic growth.
Youssef Naseem stressed in a press statement today that the decision to restart the company is not merely a restoration of a national brand, but rather a reflection of a comprehensive vision that aims to reduce dependence on imports, advance local production, and develop industries related to automobile manufacturing.
The agent of Diyaneh Al-Shuyoukh pointed out that the return of Al-Nasr Production Company comes at a time when the local market’s need for cars is increasing, as annual needs are estimated at approximately half a million cars, and this enhances the opportunities to fill this gap through local production, which contributes to reducing imports that drain hard currency. .
Representative Nader Youssef Naseem added that this step opens broad horizons for feeder industries related to cars, such as the manufacture of engines, glass, tires, and other components, which creates an integrated economic environment that supports industrial expansion and provides attractive investment opportunities.
