Egypt’s Minister of Industry, Khaled Hashem, and General Motors officials reviewed the company’s current projects and expansion plans in Egypt’s automotive sector.
The government places strong priority on localising the automotive industry, which is a key driver of economic growth, job creation, and export expansion.
The government is carrying out a comprehensive strategy to develop the sector through the national program for developing the automotive industry.
The strategy aims to increase local manufacturing, raise the share of locally produced components, attract new investments, and integrate Egypt into global supply chains. It also seeks to boost production capacity and position Egypt as a regional hub for automotive manufacturing.
The Ministry of Industry continuously reviews and updates incentive programs to keep pace with economic changes and ensure sustainable industrial investments, Hashem noted.
Proposals submitted by investors are evaluated both technically and financially to strengthen sector competitiveness and protect the public interest, he said.
The meeting featured GM’s capacity in Egypt.
GM’s factory in 6th of October City, is the largest automotive plant in Egypt, with an annual production capacity of about 100,000 vehicles. The facility has produced more than one million vehicles locally by 2024 and attracted investments exceeding $530 million while providing more than 1,300 jobs.
