The production capacity of the Ezz–Elsewedy factory is set to reach around 80,000 new vehicles, a move expected to meet local demand and increase export volumes, with investments estimated at billions of Egyptian pounds, according to a government statement.
Elsewedy Electric plans to expand into Egypt’s automotive manufacturing sector in the coming period by locally producing new vehicles in partnership with global manufacturers.
The production capacity of the Ezz–Elsewedy factory is set to reach around 80,000 new vehicles, a move expected to meet local demand and increase export volumes, with investments estimated at billions of Egyptian pounds, according to a government statement.
Prime Minister Mostafa Madbouly met on Sunday with Ahmed El Sewedy, CEO and Managing Director of Elsewedy Electric, to discuss the company’s business plans, expansion strategy, and investments across various sectors.
The meeting reviewed the status of several projects currently being implemented by the company, including projects in Borg El Arab, Upper Egypt, and planned investments in new industrial zones.
Madbouly reaffirmed the government’s support for the industrial sector, describing it as one of the key pillars of the economy and a main driver for achieving economic targets. He also highlighted the sector’s developmental and social role, as well as the state’s efforts to localize several vital industries to meet domestic demand and expand access to global export markets, strengthening the competitiveness of Egyptian products.
During the meeting, El Sewedy reviewed a number of industrial and investment projects being implemented by the company across multiple sectors. He also outlined the company’s future plans, which include expanding into several industries and injecting further investments, particularly in the automotive sector in general and electric vehicles in particular.
He also discussed ongoing cooperation with the General Authority for the Golden Triangle Economic Zone, noting current efforts to attract more industrial investors to the promising area.
El Sewedy requested an increase in the land allocated to the company in the Golden Triangle zone, in light of its investments in infrastructure and the expected interest from industrial investors.
