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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How realistic is it for Egypt to achieve its target of producing 500,000 electric cars annually by 2030, given its current industrial landscape?
## Egypt’s Electric Vehicle Ambition: An Interview
**Interviewer:** Welcome to the show. Today we’re discussing Egypt’s bold plans to become a major player in the global electric vehicle (EV) market. With us is [Guest Name], an expert on [Guest Expertise]. [Guest Name], thank you for joining us.
**Guest:** My pleasure.
**Interviewer:** President Sisi recently highlighted Egypt’s commitment to the EV industry. He stated his intention to skip traditional car manufacturing and focus directly on EVs, even offering substantial incentives to attract investors. What are your thoughts on this strategy?
**Guest:** It’s certainly an ambitious move by President Sisi. Embracing EVs directly rather than focusing on established automotive technologies could give Egypt a competitive edge in the long run. The global shift towards sustainable transportation is undeniable, and prioritizing EVs aligns with that trend. The commitment to providing incentives is also crucial for attracting the necessary investment and expertise.
**Interviewer:** We know Egypt aims to produce 500,000 electric cars annually by 2030. Do you think this target is realistic, given Egypt’s current industrial landscape? [[1](https://egyptian-gazette.com/egypt/egypts-ev-ambitions-opportunities-challenges-on-the-road-ahead/)]
**Guest:** It’s a challenging but not impossible goal. Reaching 500,000 EVs per year would require significant investment in infrastructure, manufacturing, and a skilled workforce. Egypt will need to overcome logistical and technological hurdles. However, the government’s commitment, paired with potential partnerships with international automakers, could pave the way for them to achieve this ambitious target.
**Interviewer:** What are some of the key opportunities and challenges you foresee in Egypt’s bid for EV dominance?
**Guest:**
The abundance of solar energy in Egypt presents a great opportunity for sustainable **EV production and charging**. It could become a key selling point for “green” Egyptian EVs. Additionally, a
young and growing population could translate into a strong domestic market for EVs. However, challenges include **establishing a robust charging infrastructure**, ensuring the availability of affordable EVs, and building the necessary Starling knowledge and skills in the automotive sector.
**Interviewer:** President Sisi emphasized the importance of education and partnerships with manufacturers. How crucial are these factors for success?
**Guest:** Absolutely vital. Investing in technical education and training programs will ensure Egypt has a qualified workforce capable of designing, manufacturing, and maintaining EVs.
Partnerships with established car companies
will bring in essential technology, expertise, and investment. Collaboration is key to overcoming the challenges and achieving long-term success in this rapidly evolving industry.
**Interviewer:** Thank you for your insights, [Guest Name]. This certainly seems like an exciting time for Egypt’s automotive industry. We’ll be watching with anticipation to see how this ambitious strategy unfolds.
