Madbouly: "Incentives outside the box" To localize the electric car industry in Egypt

Dr. Mustafa Madbouly, Prime Minister, held today at the government headquarters in the new city of El Alamein, a meeting; To follow up on the executive procedures for localizing the electric car industry, in the presence of the team, the engineer & entire minister, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, Engineer & Nbsp; Hassan Al -Khatib, Minister of Investment and Foreign Trade, Walid Jamal Al -Din, Chairman of the General Authority of the Economic Zone of the Suez Canal, and Engineer & Nbsp; Mohamed Al -Jawsaqi, Assistant Minister of Investment for Planning, Development and Digital Transformation. Ahmed Kajuk, Minister of Finance, participated in the meeting via video technology. Whether specialized in the auto industry, or batteries, and the components of the electric car industry in general, therefore the various efforts in this file must be coordinated, in a way that contributes to achieving the state’s targets in this regard, and we as a government are ready to provide all possible incentives; In order to settle this industry.

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& nbsp; The export is also taking place abroad, and we are also working to attract a factory for batteries for electric cars, and at the same time coordination is also done with a number of manufacturers; In order to manufacture & quot; Car body & quot; In Egypt, based on the fact that our goal is to manufacture all components of the car locally. To localize the electric car industry.

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& nbsp; To put different stimuli, to attract the largest electric car manufacturers, stressing that there is great flexibility in negotiating with potential partners. & quot; incentives outside the box & quot;; To localize the electric car industry in Egypt.

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