Managing Director of Nissan Egypt, Mohamed Abdel Samad, stated that the new model will be manufactured with a local component ratio exceeding 54%, aligning with efforts to boost domestic production
Prime Minister Mostafa Madbouly witnessed the signing of a significant investment agreement by Nissan Egypt to manufacture a third vehicle model locally at its plant. The ceremony, held at the government headquarters in the New Administrative Capital, marked a step forward in expanding the company’s manufacturing operations in Egypt.
Managing Director of Nissan Egypt, Mohamed Abdel Samad, stated that the new model will be manufactured with a local component ratio exceeding 54%, aligning with efforts to boost domestic production. He added that the company is exploring plans to export the third model, which will be assembled locally as part of the new investment.
Nissan Egypt has allocated $45 million to the project, with an additional $2 million investment to increase the production capacity of its three models to exceed 30,000 cars annually by 2025. This expansion coincides with the company’s 20th anniversary in the Egyptian market, where it operates a fully integrated manufacturing facility.
The company has already exported more than 16,000 units of its locally assembled Sunny model and aims to increase export volumes by nearly 50% during the current fiscal year compared to 2023. Nissan Egypt has generated over $150 million in export revenue to date and continues working on boosting dollar inflows through expanded export operations.
The event was attended by Hassan El-Khatib, Minister of Investment and Foreign Trade, and Fumio Iwai, Japan’s Ambassador to Egypt. The agreement was signed by Jordi Vila, President of Nissan Africa, representing Nissan Global.
