President El-Sisi Follows Up on the National Strategy to Localize Electric Vehicle Industry

President Abdel Fattah El-Sisi met today with Prime Minister Dr. Mostafa Madbouly, Assistant to the President for National and Strategic Projects Eng. Sherif Ismail, Minister of Public Business Sector Mr. Hisham Tawfik, Minister of Trade and Industry Ms. Nevine Gamea, Minister of State for Military Production Eng. Mohamed Ahmed Morsy, and Chairman of the Arab Organization for Industrialization, AOI, Mr. Abdel-Moneim Al Tarras.

The Spokesman for the Egyptian Presidency stated that the national strategy to localize the electric vehicle industry and automotive feeding industries was presented during the meeting.

President El-Sisi called for achieving the main objectives of the strategy, especially the localization of industry. His Excellency stressed on the importance of taking a further step beyond the assembly of cars; the State should start manufacturing cars with increasing percentages of local components. Within the framework of the State’s clean energy strategy, electric and hybrid vehicles are produced to meet the needs of the Egyptian market.

The meeting discussed efforts to localize the automotive and electric vehicle industries in Egypt. To that end, local manufacturing should be strengthened and cooperation with international companies specialized in this field should be promoted to benefit from their expertise and the latest global technology in this regard.

These efforts would gradually encourage using hybrid vehicles in order to keep pace with the automotive industry’s growth and environmental protection efforts.
This approach would also contribute to strengthening the State's efforts to expand strategic projects of social, economic and environmental dimension with the aim of lifting burdens from the citizens’ shoulders.