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Gamea, GM discuss future plans in Egypt
26 August 2021  -  Sector :  -  Entity :  -  Category : Industry News

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The meeting has discussed General Motors' plans in Egypt especially concerning the localization of electric vehicle (EV) industry.

Cairo- Aug 26, 2021

Minister of Trade and Industry Nevine Gamea has met with Luay al-Shurafa, president and managing director of General Motors Africa & Middle East, and his accompanying delegation to discuss the company's future plans in Egypt especially concerning the localization of electric vehicle (EV) industry.

“Egypt is shifting towards clean energy in order to preserve the environment,” Gamea said pointing to the “Go Green” presidential initiative launched early this year to replace old cars with ones that run on natural gas.

The government, she added, is working to build the necessary infrastructure for electric cars, and to attract world’s top carmakers to manufacture them locally.

The minister further noted that a EGP500-million program to support car exports was also recently approved, which aims to promote the local production of vehicles and its feeding industries and boost Egypt’s auto exports.

The meeting was attended by Tarek Atta, chairman & managing director of General Motors Egypt & North Africa, Ankush Arora, CEO of Mansour Automotive, as well as Mohamed al-Zalat, head of the Industrial Development Authority, and Mohamed Abdel Karim, CEO of the Industrial Modernization Center.

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