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