Egyptian Prime Minister Mostafa Madbouli has asserted that President Abdel Fattah El Sisi attaches special importance to localisation of manufacturing vehicles and its autofeeding industry noting that the government was fully ready to offer all-out support to serious partnerships in this field especially with General Motors Company, a key partner for Cairo.
This came during the premier’s meeting late on Monday with CEO of Mansour Automotive Ankush Arora, CEO of General Motors Egypt Tarek Atta and Board Chairman of Business Development at Mansour Automotive Mohamed El Ghazaly Harb. Minister of Finance Mohamed Maait and Ministry of Trade and Industry Neveen Gamea attended the meeting.
Addressing the attendees, Mabdouli praised the outcome of a previous meeting earlier this month with GM and Mansour Automotive officials, affirming his interest in meeting them to promote the state’s strategy to localise the vehicles industry.
Meanwhile, Arora reviewed a set of proposals to launch the e-vehicles industry in Egypt, shedding light on the good indicators of world-wide sales at the international markets as some 2.65 million vehicles have already been sold during 2021.
He also underlined the notable progress in the e-vehicles market in Europe in view of the incentives offered by European governments to propel the change to eco-friendly vehicles.
Arora also explained the key factors for rendering successful the e-vehicles market in Egypt in view of the main incentives embraced worldwide.
Following the meeting, Madbouli inspected a model of a mini e-vehicle produced by GM and is due to be floated in the Egyptian market next year. Madbouli said there is a possibility of offering such vehicle for sale via various initiatives and programs along with exemption to back its purchase.
The premier also called on the officials of the two companies to prepare an integrated study on their plans to produce e-vehicles to back the state’s strategy to change into green transport.
Discussion about this post