Egypt’s Minister of Industry, Khaled Hashem, met with GB Auto CEO Karim Gaddas to discuss the company’s expansion plans and strategies for boosting local manufacturing value. With investments exceeding LE10 billion, GB Auto currently maintains an annual production capacity of approximately 110,000 vehicles.
Key company facilities were also discussed, including the ITAMCO plant for passenger cars, bus and local component factories, and the soon-to-open Sadat plant for passenger and commercial vehicles.
The two sides reviewed GB Auto’s expansion strategy, aimed at increasing production capacity, deepening local manufacturing, and expanding export markets, thereby boosting the competitiveness of Egypt’s automotive industry.
According to the minister the Ministry of Industry is working to expand the country’s automotive production base to place Egypt as a regional industrial hub for both domestic and export markets. Hashem highlighted the ministry’s support for companies committed to localising industry, increasing local content, reducing carbon emissions and complying with environmental standards, particularly in electric vehicles and buses.
He also said the National Automotive Industry Development Programme provides an important opportunity to support company growth, boost production and exports, and promote clean energy technologies and environmentally friendly vehicles.
He added that GB Auto is well-positioned to benefit from program incentives, particularly those linked to increasing local content and local supply chains, contributing to the development and competitiveness of Egypt’s automotive sector.
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