Al-Sisi said during President Sisi’s meeting with the heads of a number of major international companies operating in the industrial sector participating in the International Forum and Exhibition for Industries held in Egypt: “I said if the traditional car industry had passed us by, we would enter into the issue of the whole world working in it, and we said we are ready to provide the incentives that will make the car industry successful.” Electricity in Egypt, and we operate as a headquarters for the company, and 100 billion pounds are allocated for this matter, donated by the state.”
President Sisi added: “We do not have the luxury of wasting any time other than encouraging investors to work, develop and invest. I will say for example that in 2016 and 17 I had the opportunity to visit many countries such as Japan and Korea, and I spoke about the electric car and that we in Egypt are interested in this issue.”
President Abdel Fattah El-Sisi called on businessmen and factory owners to supervise… Technical schools located within the scope of their work.
The President said during his meeting with the heads of a number of major international companies operating in the industrial sector participating in the International Forum and Exhibition for Industries held in Egypt, on Tuesday, that the Egyptian state has made intensive efforts over the past ten years to provide a suitable environment for the development of the industry, making it an essential pillar in the country’s production. GDP.
He pointed out that the state established 25 universities within 10 years, to provide an educational product for young people that is in line with what the labor market requires, which ultimately benefits investors and industrialists.
He continued: “Any factory wants to supervise the technical school located next to it, from selecting, teaching and qualifying students. We are ready to provide this for him, at the school, and by spending on the school as well, with the supervision that benefits him in the product he buys in his factory. We have no problem in providing this.” “The matter.”
He explained that the Egyptian market represents a large market in itself, which enhances investment opportunities internally, in addition to export capabilities, noting that Egypt enjoys strong relations with countries all over the world, which opens broad horizons for the products of companies operating in Egypt to reach international markets.
Al-Sisi pointed out that the state has worked to develop the necessary infrastructure for the industry in an integrated manner, including modernizing ports, airports, road and train networks, in addition to providing electricity and gas, as well as developing an appropriate legislative framework that enhances investment incentives and ensures a safe and stable investment environment.
Source: Masrawy + Al-Masry Al-Youm
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What are the main challenges Egypt faces in accelerating its electric vehicle ambitions?
## Egypt Accelerates Electric Vehicle Ambitions
**Interviewer:** Thank you for joining us today. President Sisi recently announced bold plans to enter the electric vehicle market. Can you tell us more about this initiative?
**Guest:** Certainly. President Sisi outlined Egypt’s ambitious goal to become a player in the growing global electric vehicle industry during a recent meeting with international industrial leaders. He highlighted Egypt’s commitment to providing incentives to attract investment in this sector, even mentioning a dedicated 100 billion Egyptian pound fund specifically aimed at supporting the EV industry [[1](https://aps.aucegypt.edu/en/articles/1013/electric-vehicle-adoption-in-egypt-a-long-way-to-go)].
This signals a clear shift in focus for Egypt, actively pursuing a future in electric vehicles rather than solely focusing on traditional automobiles.
**Interviewer:** This is a significant departure for Egypt, isn’t it? What are the challenges and opportunities you foresee?
**Guest:** Absolutely. While Egypt has traditionally been somewhat behind in embracing electric vehicles [[1](https://aps.aucegypt.edu/en/articles/1013/electric-vehicle-adoption-in-egypt-a-long-way-to-go)], this move shows a determined effort to catch up. The challenges are considerable, including infrastructure development for charging stations, promoting consumer adoption, and attracting skilled labor for this new industry.
However, the opportunities are equally vast. Egypt has abundant sunlight, making solar energy a potential source for sustainable EV charging. It also has a young and growing population, creating a potential market for EV ownership.
**Interviewer:** President Sisi also mentioned visiting Japan and Korea in the past to discuss electric vehicles. What can Egypt learn from these countries?
**Guest:** These countries are global leaders in electric vehicle development and adoption. Egypt can learn valuable lessons from their experiences, particularly regarding policies to incentivize EV purchases, building a robust charging infrastructure, and fostering partnerships between government, industry, and research institutions.
**Interviewer:** Thank you for sharing your insights. This surely is a pivotal moment for Egypt’s automotive industry and its future. We will be watching closely as these plans unfold.
