Parliamentarians: The return of Al-Nasr Company is a pivotal step towards industrial leadership and localization of technology
Parliamentarians confirmed that the return of the Al-Nasr Automotive Company is a pivotal step towards industrial leadership and the localization of technology.
MP Ashraf Abu Al-Nasr, Vice President of the Parliamentary Body in the Senate and Secretary of the Secretariat for Development and Communication with Investors of the Homat Al-Watan Party, said that the return of the company Al-Nasr Automotive Production is considered a milestone in the path of industrial development in Egypt, and an embodiment of the state’s strategy aimed at enhancing reliance on the local component and localizing the automobile industry in line with the requirements of… The era.
Abu Al-Nasr explained in statements to " Rose Al-Youssef Gate" This step carries strong indications of Egypt’s ability to revive its major industrial castles, and provide a successful model for recycling industrial assets and maximizing their use, stressing that the state, led by President Abdel Fattah El-Sisi, sends a clear message to the world and investors, that Egypt is committed to establishing sustainable partnerships with the sector. Private, and providing an investment climate that supports growth and innovation.
He added that developing the production lines of Al-Nasr Company for manufacturing cars locally, with the participation of international partners and using… Modern technologies represent a new beginning that enhances the competitiveness of the national industry in global markets, indicating that the plans drawn up to produce the first car with Egyptian components by 2025 are a step that paves the way for achieving long-term industrial and development independence.
The representative pointed out that the country’s success in producing electric buses and lorry cars reflects Egypt’s commitment to enhancing its green economy and reducing carbon emissions, in line with Egypt’s Vision 2030 and the sustainable development goals. Saying' “These efforts are not limited to industry only, but contribute to creating new job opportunities, enhancing the technical skills of Egyptian workers, and raising the standard of living for citizens.”
Abu Al-Nasr stressed that The return of Al-Nasr Production Company is not only a celebration of the return of one of the pillars of the Egyptian industry, but rather a strategic step towards achieving a comprehensive economic renaissance that consolidates Egypt’s position as a leading country in the industrial and technological field. He also called on the private sector to seize This opportunity and to actively engage in national efforts to achieve an unprecedented industrial boom.
He continued:" What is happening is a living testimony to the state’s will to restore its industrial glory, and to achieve true integration between the local workforce and the modern technological component, to ensure a better future for future generations.”
Rep. Muhammad said Ezzat El-Kady, member of the Foreign Relations Committee in the House of Representatives, said that the return of Al-Nasr Automotive Company to production after a hiatus that lasted for many years is a strategic step towards building a strong and sustainable economy, stressing that this matter restores the slogan “Made in Egypt.” To its natural position, it reflects the state’s vision towards enhancing economic independence, providing job opportunities, raising the standard of living, and supporting comprehensive development. It also restarts Al-Nasr Automotive Company, an attempt to catch up with industry in the region, and pushes Egypt towards returning to the train of intense competition regionally, in In light of the economic, internal and external challenges, and the repercussions of geopolitical tensions. "Made in Egypt" It paves the way for Egypt’s return to industrial leadership in the field of the automobile industry, as Al-Nasr Automotive Company has a long history in the national industry, and was founded in 1959 as the first Egyptian company for the automobile industry, and played a pivotal role in supporting the national industry. It is located on an area approaching 900 thousand square meters, and consists of 9 factories, and has great capabilities that qualify it to be able to reproduce and manufacture cars locally to meet the needs of the local market and export abroad as well. This company is one of National Industrial Castles.
The judge stressed that operating the company represents an important qualitative strategic step in the concept of developing the national industry and supporting local production, noting that the Egyptian state is responsible for developing major national industries. Great attention, as it is considered a pivotal part of Egypt’s Vision 2030, which depends on enhancing local manufacturing and reducing imports.
MP Mohamed Ezzat El-Qady, a member of the committee, stressed Foreign Relations in the House of Representatives, that the return of Al-Nasr Automotive Company to production again confirms the seriousness of the Egyptian state in localizing the automobile industry in Egypt because of the great importance it represents as a large industry, indicating that Egypt has the capabilities to be a leader in the automobile industry, especially in light of the readiness of the infrastructure. The infrastructure for this is to localize automotive industry technology.
Representative Medhat Alkmar, member of the Industry Committee in the House of Representatives, stressed the importance of returning the work of Al-Nasr Automotive Company to production again, indicating that it is a step It is important for the development of the national industry, and the launch of the heavy industry sector in Egypt and the automobile industry in particular.
Alkmaar pointed out that the revival of “Al-Nasr Motors” It falls within the state’s comprehensive strategy to enhance local manufacturing and reduce dependence on imports, which contributes to supporting the national economy and creating new job opportunities for youth, under the directives of President Sisi and within an integrated vision to launch Egyptian industry.
The member of parliament’s industry explained that Al-Nasr Automotive is a huge industrial citadel, and its return to production again will restore national leadership in this field, especially since Egypt has been the first in this industry since The sixties.
The member of the House of Representatives stressed: Producing the first new locally-made bus with a high percentage of local components is a major achievement that represents a qualitative step in the process of developing the national industry, and confirms Egypt’s ability On achieving self-sufficiency in the transportation sector, he pointed out that the return of the giant Al-Nasr Automotive Company to work with Egyptian hands is a major shift for the national economy that is credited to the political leadership.
