Over the past years, the Egyptian state has succeeded in attracting many large economic entities to establish giant projects and localize many industries to serve the national economy. In this context, Dr. Mostafa Madbouly, Prime Minister, witnessed yesterday the celebration held by the “Auto Mobility” company. ; On the occasion of the opening of the “Geely” car assembly plant In 6th of October City, accompanied by Lieutenant General Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, and Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade.
The “Prime Minister” stressed that the opening of Geely car assembly lines, at the Bavarian Automotive Company’s factory in 6th of October City, represents an important step in our journey towards strengthening the industrial sector, especially the automobile industry, which It is one of the most important strategic sectors affecting the global economy. He expressed his happiness that the project will be the first industrial investment for Geely Auto Group not only in Egypt but also in Africa and the Middle East, which reflects the confidence of foreign investors in the investment climate and the ability of the Egyptian economy to face challenges.
Fahd Ali Al-Ghanim, Chairman of the Board of Directors of Auto Mobility Company, said: “Egypt has a great place in our hearts, as it is one of the most important strategic markets in the region.” Middle East”, stressing that the Egyptian state was and remains a leading destination for investment and industry and a destination for promising opportunities under the leadership of President Abdel Fattah El-Sisi, and the best evidence of this is that this factory is the first factory outside China that is not owned by the Chinese Geely Automotive Manufacturing Company in the Middle East and Africa.
The president of “Auto Mobility” added: “The manufacturing step we are announcing comes within the framework of strengthening Local manufacturing of “Geely” cars, in line with the Egyptian government’s strategy to localize the automobile industry, which contributes to supporting the national economy and providing new job opportunities. Therefore, we, as investors, have come forward to invest in the automobile industry sector, bringing our investments to date to approximately $250 million.< /p>
Al-Ghanim announced the launch of the first two Geely cars from the Bavarian factory in the sixth city of October, the first is the 2025 Emgrand sedan and the second is the 2025 Coolray SUV,” he continued: “We are determined, as a second step, to export “Geely” cars. To the Middle East and Africa, which will contribute to expanding the local supplier base, and consequently increasing job opportunities, as well as saving hard currency.
Sung Jin, President of Geely, explained that the company will continue to strengthen its local operations and expand its channel network in the market. In just a few years, we have established more than 40 sales and service centers covering all parts of Egypt, from A-Class sedans to SUVs. Class D, and many Geely models are moving in the streets to meet the travel needs of various Egyptian families, while this modern CKD factory enters actual production, which indicates the opening of a new page in the development of Geely Egypt.
He continued. “Jane”: “This factory has a special meaning for both Geely and the automotive industry in Egypt, as it is the first CKD factory for Geely in the Africa and Middle East region, and it adopts global manufacturing standards. For Geely, it contains the first dual-model flexible production line for sedans and SUVs in Egypt, with the introduction of laser welding processes for the first time and other high standards. This factory also represents the design of “Geely” “It aims to achieve international quality and its commitment to stability in the Egyptian market, through close cooperation with local suppliers,” pointing out that the company has achieved local development for 14 major automotive components with a local percentage of more than 45%, and in the future, this percentage will continue to rise. /p>
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