Nissan Holds Steady in Egypt Despite Global Plant Reductions, Forecasts Market Capacity of One Million Cars Annually

Engineer Mohamed Abdel Samad, Chairman of Nissan Egypt and Africa, confirmed that the continued presence of Nissan's Egyptian plant within the company's global manufacturing network, despite recent reductions, represents a strong vote of confidence in the future of the Egyptian market and its growth potential in the coming years.

Speaking during an interview with the 'Arabity' program on Egypt Radio, Abdel Samad explained that Nissan globally has reduced its number of factories from 17 to just 10 worldwide. The Egyptian facility was among those that retained its position within the company's global system.

The chairman of Nissan Egypt and Africa noted 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 projected that the market's capacity could reach between 600,000 and one million cars annually within the next few years.

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.