Nasr Automotive Manufacturing Company signed a strategic partnership agreement on Wednesday with China’s FAW Group to manufacture a range of vehicles under the “Nasr” brand, according to a statement issued today.

Mohamed El-Saadawy, Chairman and Executive Managing Director of the Holding Company for Metallurgical Industries, said the strategic partnership marks the culmination of extensive discussions and coordination between the two sides over the past period. He noted that the agreement reflects mutual confidence and a shared commitment to building long-term cooperation that supports the transfer of modern technology, increases local component ratios, and contributes to the state’s efforts to revive Egypt’s national automotive industry and enhance its competitiveness in local and regional markets.

For his part, Nabil Mohamed Hammad, Executive Managing Director of Nasr Automotive Manufacturing Company, said the agreement is expected to support the company’s plans to introduce high-quality products under the “Nasr” name, in line with the latest international standards. He added that the partnership will help meet the needs of the Egyptian market while opening new opportunities for expansion and exports to regional and international markets.

Hammad emphasized that the partnership represents a successful model of cooperation between national companies and leading industrial institutions. He said it also reflects both sides’ commitment to supporting industrial development goals and strengthening Egypt’s position as a regional hub for the automotive industry.

Nasr Automotive, a subsidiary of the Holding Company for Metallurgical Industries, has regained its presence in recent years as one of Egypt’s long-established industrial pillars. Last year, the company recorded profits of around EGP 120 million and revenues of EGP 1.2 billion. The company currently manufactures three passenger car brands, in addition to a range of buses.