Madbouly praises the percentage of the local component in car manufacturing… and confirms: There is an opportunity to increase it during the coming period
Prime Minister Dr. Mostafa Madbouly stressed the state’s interest in the industry file, especially the automobile industry, noting that the government has worked to provide more incentives in terms of creating an attractive climate for investments in this promising industry, by establishing a national program to develop the automobile industry so that it is A comprehensive framework for the development and advancement of this vital sector, and an impetus for efforts to localize the automobile industry.
The Prime Minister praised – during his inspection tour, today, Wednesday, throughout the car assembly plant “Geely” brand Within the scope of the Bavarian Automotive Manufacturing Company’s factory in 6th of October City – the percentage of the local component in car manufacturing operations, noting that there is an opportunity to increase this percentage during the coming period.
For his part, the Chairman of the Board of Directors of “Awlad Ali” Company presented Alghanim Motors" And Chairman of the Board of Directors of “Auto Mobility” Company Engineer Fahd Ali Al-Ghanim gave an explanation during the inspection tour, during which he confirmed that the opening of Geely car assembly lines It comes within the framework of “Auto Mobility” company’s commitment to… By enhancing local manufacturing, in line with the Egyptian government’s strategy to localize the automobile industry, which aims to support the national economy and create new job opportunities.
He explained that the percentage of local manufacturing in the assembly lines that were opened today is 45%, as the factory includes two lines. To produce “Geely” cars With a total capacity of up to 10,000 cars annually.
Al-Ghanim said, “Today the company is taking a new step towards the Egyptian manufacture of Geely brand cars.” In Egypt, which reflects Geely’s commitment to The global automotive industry provides innovative solutions and expands into strategic markets, such as Egypt.
He added: We have pumped investments amounting to $100 million to manufacture and assemble Geely cars. In Egypt through the “Auto Mobility” company, stressing that the presence of the Prime Minister today and his attendance at the factory opening activities confirms the government’s full support for this industry, and gives a major impetus to pumping more investments into Egypt.
He continued: Egypt is considered one of the most important strategic markets in the Middle East region, and it remains a leading destination for investment and industry thanks to the vision of the wise political leadership represented by President Abdel Fattah El-Sisi, and we have so far invested $250 million in the Egyptian market, pointing out Today, on this occasion, the company announces the launch of the first two “Geely” cars, which are the Emgrand sedan and the 2025 Coolray SUV.
The Prime Minister also listened, during the tour, to a detailed explanation from the Director General. Bavarian Automotive Manufacturing Company Mohamed Zakaria about the various manufacturing stages and local manufacturing components, explaining that the welding stages include laser welding, the stages of assembling the metal body of the car, the painting stages, as well as the assembly stage. The final… Dr. Mostafa Madbouly saw a model of the Geely car. Assembled with the production lines that were opened today.
Mohamed Zakaria confirmed that the company deals with many local factories to provide and make available many different industries and components that feed the automobile industry.
For his part, The CEO of “Al Arjani Group” said: Issam Ibrahim Al-Arjani “The beginning of manufacturing for Geely cars comes” In Egypt today, as a result of the state’s support for the industry and investors and the desire of the founders of “Auto Mobility” And “Geely International” “In producing cars for the purpose of selling them in the Egyptian market, with a future plan for export.”
In the same context, the managing director of “Auto Mobility” said: Othman Abdel Moneim, “We are not opening just a factory, but rather launching a vision that aims to contribute to raising the level of industry in Egypt and setting a new standard of excellence.”
He added, “Auto Mobility is proud of its efforts to achieve this goal.” Led by this transformation with the launch of Geely cars. Assembled locally in our local production lines, this achievement is a testament to our commitment to providing world-class quality with innovation and appropriate cost,” explaining that this project is not limited to manufacturing cars only; Rather, it focuses on empowering Egyptian cadres, providing various job opportunities, and enhancing Egypt’s position as a regional center for automobile production.
It should be noted that “Auto Mobility” It is the official agent and manufacturer of “Geely” brand cars. International in Egypt.. “Auto Mobility” was established (Auto Mobility) in 2023 is the result of an alliance between a group of pillars of the automotive industry in the Middle East region, which is “Ali Alghanim and Sons Automotive Company” Kuwait, and “Mohamed Yousef Naghi Automotive Company” Saudi Arabia, and “Al-Arjani Group” Egyptian.
