Egyptian Prime Minister Mustafa Madbouli held a meeting with officials from the Mansour Automotive Group on August 26, at the government's headquarters in the New Administrative Capital. The meeting was attended by several high-ranking officials, including Investment and Foreign Trade Minister Mohamed Farid, Industry Minister Khaled Hashem, and Mansour Group Chairman Mohamed Mansour. The discussions focused on the latest developments in the construction of the "Mack" vehicle manufacturing plant in the Sixth of October City.
During the meeting, Prime Minister Madbouli emphasized the government's support for the automotive industry and its aim to increase car production in Egypt. He highlighted the importance of the National Automotive Industry Development Program, which seeks to boost local manufacturing and attract foreign direct investment. The program aligns with the government's efforts to develop the industry and transfer technology.
Mohamed Mansour expressed his gratitude to the government for its support of the industrial sector, including the automotive industry. He praised the progress made in the sector over the past few years, despite regional and international challenges. Mansour also commended President Abdel Fattah El-Sisi's vision for achieving real growth in various industrial sectors, as outlined in Egypt's 2030 vision.
Mansour provided an update on the construction of the "Mack" vehicle manufacturing plant, which is expected to be completed in the first quarter of 2027. The plant will be one of the most significant automotive manufacturing facilities in the region and Africa. The project is anticipated to provide thousands of job opportunities and cater to the Egyptian market's demand for electric vehicles.
The plant will produce electric vehicles and their components, using advanced and environmentally friendly technologies. This aligns with the government's goal of increasing the production of electric cars in Egypt. Mansour emphasized his desire to collaborate with the Egyptian government to achieve the state's vision for the automotive sector.
Investment and Foreign Trade Minister Mohamed Farid stressed his ministry's commitment to supporting investment in the automotive sector. He assured the Mansour Group of the government's readiness to provide necessary support to complete the "Mack" vehicle manufacturing plant project. Industry Minister Khaled Hashem highlighted the importance of expanding the production of electric vehicles and related industrial inputs.
The meeting concluded with a reaffirmation of the government's support for the Mansour Automotive Group's project. The "Mack" vehicle manufacturing plant is expected to play a significant role in Egypt's automotive industry, contributing to the country's economic growth and development.
Key points
- The Egyptian government is supporting the construction of the "Mack" vehicle manufacturing plant, which is expected to be completed in 2027.
- The plant will produce electric vehicles and provide thousands of job opportunities.
- The project aligns with Egypt's 2030 vision to develop the automotive industry and increase the production of electric cars.
