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PM attends Africa's first Nissan Magnite launch
Egypt has produced its first Nissan Magnite car domestically within the Nissan factory in Egypt's Sixth of October City. This milestone is part of a strategy to strengthen local automotive manufacturing and enhance technological and industrial capabilities. The move follows the company's investment of over $276 million, increasing the local content to 55%, and producing approximately 30,000 vehicles annually, with plans to raise capacity to 50,000 cars. This achievement reflects Egypt's commitment as a regional manufacturing hub and underscores the government’s support for localization and the development of the country's automotive sector.
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