Egypt’s President Abdel-Fattah El-Sisi stressed on Sunday the importance of using the largest possible percentage of local components in the country's efforts to manufacture electric vehicles during a meeting with Prime Minister Mostafa Madbouly and other officials on Sunday.
El-Sisi reviewed during the meeting the national project to locally manufacture electric vehicles, urging officials to make sure all factors required for the success of this project are provided, Presidential Spokesman Bassam Radi said.
He also directed the completion of the various components related to the project, including the charging stations.
Last year, Egypt announced plans to locally produce electric vehicles in cooperation with China.
In press remarks last July, Public Enterprise Minister Hisham Tawfik said the country plans to annually produce 25,000 electric cars, manufactured by Egypt’s El-Nasr Automotive Manufacturing Co., in cooperation with China’s state-owned automobile manufacturer Dongfeng.
The meeting, which was attended by Tawfik, discussed various industrial and commercial issues related to the project, including the need to attract foreign investments and choose the most suitable car models fitting the requirements of the Egyptian market.
The president affirmed the need for the project to include partnerships within the private sector, which is experienced in the automobile industry, especially those working with electricity.
Assistant to the President for National and Strategic Projects Sherif Ismail, Minister of Electricity and Renewable Energy Mohamed Shaker, and Minister of Trade and Industry Niveen Gamea attended the meeting.
Minister of State for Military Production Mohamed Ahmed Morsy and Chairman of the Arab Organisation for Industrialisation Abdel Moneim El-Terras also took part in the meeting.