El Nasr Automotive Manufacturing Company is one of the important castles of industry and business sector in Egypt, he added. The Egyptian car market is preparing for the return of local production by El Nasr Automotive Company through the production of the first new bus with a high local component percentage. The minister said the step is deemed as a critical juncture in the automotive industry. It is worth noting that El Nasr Automotive Company was established in accordance with Presidential Decree No. El Nasr was founded in 1960 as the first automotive production firm in the Middle East.

Source: Egypt Today November 16, 2024 11:08 UTC