23 Hrs
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بوابة الشروق
Investment Minister: Car factories set up in Egypt for exports
Minister Mohamed Farid Saleh focused on Egypt's efforts in automobile manufacturing, explaining that producing an Egyptian car requires developing local production components and supporting companies in exporting abroad. Some companies have already begun establishing factories to export cars to the region. He indicated that the local content percentage remains steady at 45% and needs to be improved through studying import sources and manufacturing methods. He also stated that the automotive industry is among the sectors ready to attract investments and achieve economic growth, with an emphasis on supporting the Ministry of Industry's strategy and developing Egypt's industrial infrastructure.
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