Last Update 20:24
Monday, 14 October 2019

Egypt reaches tentative deal with Japan's Nissan to produce 100,000 vehicles

Ahram Online , Tuesday 19 Mar 2019
Hesham Tawfik
Public Enterprise Minister Hesham Tawfik
Views: 2438
Views: 2438

Egypt has reached an initial deal with Japan's Nissan Motor to produce vehicles in Egypt with the aim of exporting, Public Enterprise Minister Hesham Tawfik said on Tuesday.

The deal, signed in partnership with the government's Nasr Co for vehicle manufacturing, aims to produce 100,000 vehicles annually, increase the percentage of locally manufactured components and export to other countries, Tawfik said.

The final deal is expected to be signed in three months.

The minister announced the deal during a business forum titled Portfolio Egypt Conference 2019 in Cairo.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.