Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has witnessed the launch of the locally produced Exeed car at the Egyptian-German Automotive (EGA) factory in 6th of October City, West Cairo. The minister added that the factory produces 1,200 Mercedes cars and 3,000 Exeed cars annually, providing numerous job opportunities for young people. These figures are expected to increase next year by leveraging the National Strategy for Automotive Industry Development. Yasser Saleh, CEO of EGA, highlighted that the partnership with Exeed holds a promising future in the Egyptian market. Saleh stressed the company’s commitment to advancing this industry, increasing the local component, and establishing Egypt as a prominent hub for high-quality automotive manufacturing.

Source: Daily News Egypt November 17, 2024 17:27 UTC