Thursday 31 Oct
Mansour Automotive CEO Ankush Arora has announced plans to produce a new MG model in Egypt. The production process is scheduled to begin in the first quarter of 2025, with direct foreign investments of $20 million. The project is expected to create around 5,000 direct and indirect job opportunities.
During a meeting with Prime Minister Dr. Mustafa Madbouly Sunday
morning at the government headquarters in the New Administrative Capital, the Arora
presented the company's expansion plan in the local market during the next
phase and the new products it intends to manufacture or assemble in Egypt.
He stated that the company is finalizing two projects to
produce two other models: a sedan and a high-roof microbus, with
investments of $15 million. The production is expected to start at the end of
2025.
The CEO reviewed a study on Egypt’s light vehicle market,
focusing on the potential to replace them with light electric vehicles. He highlighted
Egypt’s promising potential for light vehicles that can be widely used in
tourist areas and attractions, similar to what is happening in India, France,
Germany, and other European countries.
