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Egypt car production to rise 5.9% in 2026
Fitch Solutions expects continued positive growth in Egypt's automotive industry, with production increasing by 5.9% in 2026, supported by localization incentives and global investments, particularly from Chinese companies. The national industry development program aims to raise annual production to 100,000 vehicles and increase local components to over 35%, with a focus on developing electric vehicles and related industries. Long-term prospects for strong growth in this sector are anticipated. The government is also moving towards strengthening the electric vehicle industry, with plans to expand infrastructure and implement administrative and financial incentives to boost the sustainable automotive market.
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