Egypt aims to localize car industry with Emirati support
Egypt is trying its best to deliver its plan to localize the automobile industry, as it cooperates with Abu Dhabi to produce and manufacture a specific car in Egyptian factories to meet the needs of the Egyptian local market on the one hand and export it to African countries on the other.
As part of Egypt’s insistence on supporting and delivering its plan to localize the automobile industry, the Egyptian Ministry of Military Production held talks Dec. 16 with the Emirati M Glory Holding specializing in car manufacturing to discuss the manufacture of Egyptian-made cars.
Egyptian Minister of Military Production Mohamed Ahmed Morsi said in a statement Dec. 16, “Cooperation with the United Arab Emirates [UAE] aims at rolling out a plan to localize modern technologies in the automobile industry. An Egyptian-Emirati company has been established in this vein to have Egyptian laborers produce and manufacture bi-fuel cars, and this is a first in Egypt.”
