Thursday 21 Nov
Engineer Hassan Al-Khatib, Minister of Investment and International Trade, participated in a celebratory event hosted by General Motors to mark a major milestone: the local production of one million vehicles in Egypt.
The event was attended by a
distinguished group, including Field Marshal Engineer Kamel El-Wazir, Deputy
Prime Minister for Industrial Development and Minister of Industry and
Transport, Ambassador Herra Mustafa Garg, the US Ambassador to Cairo, Mohamed
Mansour, Chairman of the Mansour Group, Jack Opel, Managing Director of General
Motors Africa and the Middle East, and Sharon Nishi, Managing Director of
General Motors Egypt and North Africa.
General Motors Egypt, a leading
automotive manufacturer established 40 years ago, has been playing a pivotal
role in meeting domestic market demands and driving exports. With total
investments of $530 million, the company has created approximately 50,000
direct and indirect jobs.
General Motors Egypt's plant is the first in the country to produce one million vehicles, with over 60% of components sourced locally. This facility serves as a strategic hub for the company's global growth plans, focusing on exports to markets in the Middle East and Africa.
