Last Update 21:23
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
Share/Bookmark
Views: 2646
Nasr
(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.
 





Short link:

 

Email
 
Name
 
Comment's Title
 
Comment
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 4000 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.
3



Doaa Soliman
19-05-2013 12:55pm
0-
0+
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
Email
 
Name
 
Comment's Title
 
Comment
2



Tom Victor
11-02-2013 10:49am
1-
1+
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?
Email
 
Name
 
Comment's Title
 
Comment
1



A Friend Of Egypt
11-02-2013 09:52am
5-
2+
Mistakes
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.
Email
 
Name
 
Comment's Title
 
Comment

© 2010 Ahram Online. Advertising