Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, held talks with Sharon Nishi, Chairperson and Managing Director of General Motors Egypt and Africa, to review the company’s current investments in Egypt and its future expansion plans. Farid highlighted the government’s broader agenda to localise industrial production, boost exports, attract foreign direct investment, and enhance the competitiveness of the automotive sector and its feeder industries. He underscored the strategic partnership with General Motors, which has maintained a long-standing presence in Egypt and produced more than one million vehicles locally. Improving the competitiveness of locally manufactured products, he stressed, remains central to expanding Egypt’s export footprint. She noted that General Motors is implementing a forward-looking plan that includes launching new vehicle models aligned with evolving market dynamics, while expanding production capacity to meet domestic demand and support export growth.

Source: Daily News Egypt March 17, 2026 18:46 UTC