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Egypt plans to reoperate the legendary Nasr car production company

The car manufacturing giant which rolled 'Fiat' on Egyptian streets for decades to re-operate under the auspices of the ministry of military production

MENA, Sunday 10 Feb 2013
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(Photo: Ahram)

Egypt's government decided to halt the liquidation process of state-owned Nasr Car Manufacturing Company and plans to re-operate the firm, state-run news agency MENA reported Sunday.

Nasr stopped production in 2009.

The military production ministry is planning to operate the car manufacturing company after its financial position is revised, minister Reda Hafez said on Sunday after a visit to the plant..

"The resumption of production at Nasr factory will definitely boost Egypt's industry and will be vital to its economy," explained Hafez.

Nasr car manufacturing was founded in 1960 as the first car production firm in the Middle East. The company specialised in assembling Italian Fiat cars. It also produced the famous budget car "Shahin", a hybrid of the Turkish model of Fiat.

The government sought to liquidate the firm after its debt reached almost LE2 billion in 2009.

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Doaa Soliman
19-05-2013 12:55pm
Model and make of car
What is the model and make of the car to be manufactured? Will it be an affordable car for middle income families to buy? Thanks
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Tom Victor
11-02-2013 10:49am
Use Military Aid for Industrial Development
The US provides Egypt with military aid - why not redefine that aid to include expertise in automobile manufacturing? The US makes good vehicles - and has lots of people who could help Egypt improve and expand their automobile manufacturing - if its an Egyptian Military Factory . . . why not? This would mean far greater positive impact to Egypt's economy than from tanks and planes?
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A Friend Of Egypt
11-02-2013 09:52am
The first country in the Middle East where cars were produced was Israel as early as 1950.It was a complete failure and was ended.It will be a great mistake for Egypt' to reopen the assembly line as stated.
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