Nissan Sticks with Egypt Despite Global Factory Cuts, Predicts Market Capacity of 1 Million Cars Annually

Engineer Mohamed Abdel Samad, Chairman of Nissan Egypt and Africa, confirmed that the continuation of Nissan's factory in Egypt within the company's global network—despite recent reductions in the number of plants worldwide—reflects strong confidence in the future of the Egyptian market and its growth opportunities in the coming years.

Speaking during an interview with the 'Arabity' program on Egypt Radio, Abdel Samad explained that Nissan globally reduced its number of factories from 17 to just 10 worldwide, and the Egyptian plant was among those that retained its position within the company's global system, underscoring the local market's importance in Nissan's future strategy.

The Chairman of Nissan Egypt and Africa pointed out that the Egyptian market possesses strong growth fundamentals supported by a large population base, making it one of the most promising markets in the region. He predicted that the market's capacity could reach between 600,000 and one million cars annually within the next few years, representing a significant leap compared to current rates.

Abdel Samad emphasized that these positive indicators encourage the company to continue investing and expanding in Egypt, considering it one of the most important current and future production hubs in the region, which strengthens Nissan's position in the Egyptian market and supports its expansion plans across Africa.