Egypt’s state-run automaker, El Nasr Automotive Manufacturing Firm, has formally resumed manufacturing after a 15-year suspension, as introduced by the Egyptian cupboard on Sunday 17 November.
At a ceremony celebrating this important milestone, Prime Minister Mostafa Madbouly emphasised that the return of El Nasr is “a strategic determination by the state,” highlighting the significance of private-sector partnerships in driving main tasks ahead.
Osama Aboul-Magd, head of the Egyptian Automotive Sellers Affiliation, pressured the significance of the corporate’s reopening to reinforce industrial localization.
“It will assist save the overseas foreign money wanted for related imports, present job alternatives, improve the employment fee, and result in exporting autos manufactured in Egypt,” He acknowledged [[which outlet?]]
Aboul-Magd, who additionally serves as deputy chairman of the Automotive Division of the Cairo Chamber of Commerce, famous that El Nasr intends to start producing electrical autos beginning Might 2025.
Established in 1960 by means of a presidential decree from President Gamal Abdel Nasser, El-Nasr Automotive Firm grew to become the primary Arab car producer in Egypt and the Center East, marking the start of native automotive manufacturing and positioning itself as a distinguished participant within the regional business.
Initially centered on partnerships with German and Italian corporations, the corporate produced iconic fashions just like the “Nasr 1100” and “Nasr 125,” together with the notable “Ramses,” which gained worldwide acclaim.
Nevertheless, monetary struggles within the Nineteen Nineties led to its decline and liquidation in 2009. Lately, the manufacturing unit has been revived with a concentrate on electrical autos, aiming to reinforce native manufacturing in collaboration with main international producers.
