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 a basic pillar in 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 that 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 some specific incentives mentioned by President Sisi to support the development of the electric vehicle market in Egypt?
## Egypt Sets Sights on Electric Vehicle Future
**Interviewer:** Joining us today is [Guest Name], an expert on the Egyptian automotive industry. President Abdel Fattah El-Sisi recently made some big statements about Egypt’s commitment to electric vehicles. Can you tell us more about this?
**Guest:** Absolutely. President Sisi has been very vocal about Egypt not wanting to be left behind in the global shift towards electric mobility. Recognizing that the traditional car industry might have passed Egypt by, he’s emphasizing the need to jumpstart the electric vehicle sector.
Indeed, during a recent meeting with international business leaders, he stressed Egypt’s readiness to provide incentives to make the electric car industry a success. He even mentioned a significant commitment of 100 billion pounds from the state to support this initiative [[Original Text]]. This demonstrates a serious intention to make Egypt a player in the EV market.
**Interviewer:** That’s a substantial investment. How does this align with the current state of EV adoption in Egypt?
**Guest:** While still nascent, the Egyptian EV market shows promise. The Global Electric Mobility Readiness Index ranks Egypt as a “starter market” with significant potential [[1](https://yocharge.com/news/revving-up-the-state-of-electric-mobility-in-egypt/)]. President Sisi’s vision aligns with this potential, aiming to leverage Egypt’s position to become a regional hub for electric vehicle production and potentially even exports.
**Interviewer:** President Sisi also mentioned his interest in electric cars dating back to 2016 and 2017. What does this tell us about the long-term vision for Egypt’s automotive industry?
**Guest:** I believe it shows a forward-thinking approach. Recognizing the trend towards sustainability and the global push for electric vehicles, President Sisi has been proactively exploring opportunities for Egypt to participate. This long-term vision signals a commitment to building a modern, environmentally conscious automotive industry in Egypt.
