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Egypt in talks with a number of automotive companies for local assembly

4th of July 2019, Tata joins host of automotive companies in talks to invest in Egypt: India’s Tata Motors is in talks with the Egyptian government to assemble its cars locally in Egypt, two officials close to the talks told Enterprise. Meetings with Tata and other automotive companies from Japan and China will continue until early next year, with agreements expected to be signed soon after, the officials said. This comes as Nissan is in talks with the Trade and Industry Ministry for a project in Ain Sokhna, Public Enterprises Minister Hisham Tawfik told the local press, without providing details on the potential project. The Trade and Industry Ministry is also in talks with China’s Dongfeng, which is seriously studying the possibility of manufacturing electric cars in Egypt, which can be used by the government, turned into taxis, or exported to Europe, the ministry said.

 

Source: Enterprise

https://enterprise.press/stories/2019/07/04/egypt-in-talks-with-a-number-of-automotive-companies-for-local-assembly/