Monday 25 Nov
Nissan Egypt's Managing Director, Engineer Mohamed Abdel Samad, announced the company's significant achievement of exporting over 16,000 locally produced vehicles.
He expressed optimism about the future, stating that the company aims to increase its export volume by more than 50% compared to the previous year. This success has already translated into a substantial increase in revenue, exceeding $150 million.
During a meeting with Engineer
Hassan Al-Khatib, Minister of Investment and International Trade, the company's
performance and export strategies were discussed. Nissan Egypt's strong
position in the Egyptian market and its growing global competitiveness through
vehicle and spare parts exports were highlighted.
The Minister of Investment
reaffirmed the government's dedication to supporting the automotive industry.
The ministry aims to create a conducive environment for investment and
expansion, enabling companies like Nissan to meet local demand and export to
regional and international markets.
The government's focus on
localizing the automotive industry and its supporting industries aligns with
its broader economic development goals. Additionally, the minister emphasized
the government's commitment to streamlining customs procedures. By reducing the
time and cost associated with clearing exported and imported shipments, the
government aims to facilitate business operations and boost economic activity.
The automotive industry is considered a vital sector for attracting foreign
investment, promoting incdustrialization, and generating employment
opportunities.
The government's efforts to establish transparent policies and clear standards aim to regulate the sector, ensuring the availability of high-quality, affordable vehicles for Egyptian consumers and supporting the development of a robust automotive ecosystem.
