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Investment Minister observes auto partnership signing

Investment Minister observes auto partnership signing

The Egyptian Minister of Investment and Foreign Trade attended the signing of a joint project agreement between Al-Arabi Group and South African company Malben Engineering to manufacture and form automotive components in Egypt. The agreement aims to develop a shared production base for automotive components, enhance supply chains between the Egyptian and African markets, and benefit from the African Continental Free Trade Area agreement. The partnership combines Malben Engineering’s over 50 years of expertise in manufacturing metal components and automobiles with Al-Arabi Group’s manufacturing and engineering capabilities, with the goal of supporting local production and expanding into African markets.

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