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Tuesday, November 26, 2024
Home News Fleet French car assembly plant ‘to be established in Egypt’

French car assembly plant ‘to be established in Egypt’

Egyptian Trade Minister Tarek Qabil announced that a French automaker is planning to set up a car assembly unit in Egypt which will operate using a high proportion of locally manufactured components, Amwal Al Ghad reports.

Following a meeting with the vice president of a French automotive firm, the minister said that Egyptian auto component firms will be contracted to cover the needs of the unnamed French automaker’s parent company and its branches.

According to Qabil, the government plans to develop the automotive industry in Egypt in an attempt to attract other international firms to the country. He added that at present, there are more than 15 firms working in the car assembly field in Egypt.

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Davina Munrohttp://www.meconstructionnews.com
Davina Munro joined CPI Media Group in June 2015 as the deputy editor of Middle East Consultant. A former television journalist, Davina spent the last five years in Mumbai, covering business news at two of India’s biggest news channels, CNBC-TV18 (Network18 Group) and ET NOW (Times Television Network). She has anchored shows such as India Markets Live, Last Trade and India Business Day for Networks’ flagship UK channel News18 India, as well as shows such as Business Saturday, News Now and Power Breakfast on CNBC-TV18. Davina was one of the youngest business news presenters in the country, who also has experience as a news correspondent covering beats such as real estate, aviation, and automobile. As a features reporter and producer, she has worked on shows such as Starting Up, Technoholik, Brand Equity and the Business of Cricket at ET NOW. She also briefly worked at NDTV Good Times in Bangalore as a production assistant on shows like SOS Ladakh and Kingfisher Calendar Girls.
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