_1777352244987_250242181.png&w=48&q=75){kind=small}
Khaled Hashem on Expanding Manufacturing
The article discusses the efforts of the Egyptian Ministry of Industry to develop the automotive manufacturing sector, aiming to shift from vehicle assembly to establishing an integrated local manufacturing ecosystem. The steps include enhancing local production of components, especially metal frames and metallic parts, and developing a local supply chain that meets international standards, leveraging Egyptian engineering talents. The initiatives also involve attracting new investments in casting industries, localizing technologies, and rehabilitating factories, all with the goal of reducing import bills and boosting competitiveness. The plans focus on increasing demand for locally manufactured cars through programs to replace old vehicles and providing facilitation for citizens, with an emphasis on exporting developed components. These efforts aim to position Egypt as a regional hub for automobile manufacturing, relying on local resources and achieving tangible results on the ground in the coming years.
Notice: This Is an AI-Generated Summary
Comments (0)