Egypt, Nissan explore production expansion, increased auto exports to Africa
Egypt’s Minister of Trade Khaled Hashem held discussions with representatives of Nissan Motor Company on the corporate’s plans to increase its operations within the Egyptian market and increase automobile exports to African international locations. The Monday talks come as a part of the federal government’s broader technique to localise the automotive trade and place Egypt as a regional manufacturing hub.
In the course of the assembly, Nissan outlined its enlargement roadmap, which incorporates elevating manufacturing capability and strengthening workforce coaching programmes in cooperation with the Productiveness and Vocational Coaching Authority underneath the Ministry of Trade, in addition to different specialised coaching establishments.
The corporate additionally expressed its ambition to develop into the biggest exporter of automobiles to Africa from Egypt.
Over the previous three years, Nissan has exported 25,000 automobiles to African markets and elevated its manufacturing to 30,000 passenger vehicles within the present fiscal yr, sustaining a number one place in Egypt’s home automotive market.
On the outset of the assembly, Minister Hashem confused that the federal government attaches strategic significance to the automotive sector, citing Egypt’s aggressive benefits and property that qualify it to function a regional hub for automotive manufacturing in Africa and the Center East.
He highlighted Egypt’s strategic geographic location connecting African, Arab and European markets, alongside its in depth community of free commerce agreements, superior infrastructure and rising industrial base, all of which facilitate entry to world markets.
The minister reaffirmed the Ministry of Trade’s dedication to localising automotive manufacturing and its feeder industries with a purpose to scale back import dependency and appeal to world carmakers to ascertain manufacturing amenities in Egypt.
He famous latest progress within the variety of automotive element factories and rising funding volumes within the sector, whereas emphasising the significance of additional increasing native element manufacturing to extend the native content material ratio in automobile manufacturing.
For his half, Mohamed Abdel Samad, Managing Director of Nissan Africa, reiterated the corporate’s dedication to increasing manufacturing in Egypt and growing exports throughout the continent. He additionally invited the minister to go to Nissan’s manufacturing unit to inaugurate a brand new manufacturing line, anticipated so as to add 10,000 automobiles yearly in its first yr of operation, with an area content material ratio exceeding 50%.
