Mounted Haroun: A Single Car Opens the Door to Dozens of Component Factories

Engineer Mahmoud Haroun, an expert in automotive glass manufacturing, confirmed that the car industry represents a vast sector that opens the door to establishing dozens of component-related factories. He pointed out that a single car involves more than 300 products in its manufacturing process, with each product requiring between 5 and 10 factories to meet local manufacturing needs.

Massive Investment Opportunities in Automotive Feeder Industries

The numbers are truly surprising. The scale of investment opportunities in Egypt's automotive industry exceeds expectations, as every product used in car manufacturing opens the door to establishing a significant number of new factories.

During his interview on the 'Arabity' program, Haroun explained that the automotive feeder industries receive strong state support, which provides numerous facilities for this sector. These facilities include land provision, licensing procedures, and other necessary incentives for establishing and expanding factories, enhancing the sector's investment appeal.

Expected Boom in Car Component Factories

The number of car component factories in Egypt is continuously increasing, alongside a flow of local and global investments into the sector.

The difference between past and present is clear. Feeder industries have witnessed a significant boom over the past few years, with expectations of continued growth in the coming period. The automotive glass expert emphasized that state efforts and the Ministry of Industry's support represent an important factor in attracting more investments and enhancing local manufacturing capabilities.

The expected outcome is building a strong base for feeder industries and raising the percentage of local content in cars manufactured within Egypt, which is a fundamental step towards the comprehensive development of the automotive sector.