Egypt will be able to manufacture a complete car from the beginning of the engine to the mirror. When and what is the challenge facing the state and the government now and how will Egypt turn into an industrial monster in the production of cars in the region… All this and many other details we will know in this report.. Stay with us until the end.
Of course, we are all following what is happening in many sectors of the Egyptian economy, especially the industry file and the great development in plans to localize the industry in more than one field. Today, we will focus only on the automobile sector, but because it is a very important sector and drains huge sums of dollars in dollars every year, and we saw the numbers that President Sisi presented during the opening of the station. New Upper Egypt trains in Bashteel, and we saw Egypt importing cars worth a billion dollars.
First, we must explain the difference between the car assembly industry and the entire car industry, and of course there is a big difference between them because assembly depends on connecting and assembling the parts of the car that come in the form of parts from abroad. This is because the company provides customs for entering cars in the form of a final product and at the same time provides many needs. On the mother company abroad, I mean, we can say that the state does not benefit greatly because in the end it collects, but industrialization means production lines, human minds, marketing, export, and before that, special technology, and here the state creates an industry that can transform the economy like an industry. Cars in Germany, for example, or Japan, from which hundreds of billions of dollars are exported annually.
And Egypt in recent months, and in order to be fair, since the time when the entire team took over as minister of the Ministry of Industry, it is moving quickly in the file of localization of the automobile industry and increasing the local component, and this is the most important point, because it does not mean that I brought a foreign company to operate a factory for me, so I also have an industry, but the most important thing is that we have a component. Locally, it can feed this industry, and we have factories that can manufacture car components and spare parts, such as, for example, the manufacture of automobile glass, and Egypt has factories that produce it with very high quality and also export it, such as the manufacture of rubber, engines, sheet metal, and mirrors. And lanterns, and even nails, and everything that increases the local component in the car industry, the closer we get to producing a complete car and saying we have our own specialized industry.
Economists believe that if the state is able to implement all of its agreements that it recently signed, then by the end of the year 2025, Egypt will be able to produce about 300,000 cars in the world, at a rate of one car every two minutes. For this reason, the team, Engineer Kamel Al-Wazir, called on these companies to increase production to meet… The need of factories during the coming period, and at the same time requires developing and expanding the scope of local manufacturing in production component factories,
In order for us to know how to expand the operations of manufacturing automobile components in the local market, we need a very great effort, whether from investors or the relevant ministries, and this is what was emphasized by Engineer Ali Tawfiq, President of the Automotive Feeding Industries Association, who revealed that at the global level, car companies determine specifications, tests, and dates. Supply.
He revealed another important thing when he said that the engine represents only 25% of the total car manufacturing and is a component that comes at a late stage in the manufacturing process. As for the rest of the components, which constitute 75%, they can be easily manufactured within the Egyptian market.
