Industry Minister Highlights Major Incentives to Advance Automotive Manufacturing and Position Egypt as a Regional Hub

Minister of Industry Khaled Hashem affirmed that the government is moving forward with plans to localize vehicle manufacturing and automotive components through a comprehensive package of investment incentives and facilitation measures. He noted that the objective extends beyond attracting investment to include technology transfer, increasing local content, creating jobs, and transforming Egypt into a regional automotive manufacturing hub serving both regional and global markets.

Speaking during the opening of the Commercial Vehicles Exhibition 2026, the minister said the event serves as an important platform supporting the country's efforts to localize automotive manufacturing and related industries, while also showcasing the progress achieved by Egypt's transport industry.

He added that the exhibition features the latest technologies in the commercial vehicle sector and introduces a range of new models, helping familiarize the Egyptian market with advanced solutions and innovations shaping the global automotive industry.

Hashem explained that the state's strategy focuses on bringing advanced technologies to Egypt, attracting additional domestic and foreign investment, creating new employment opportunities, and strengthening the competitiveness of national industry.

He further noted that the government has launched numerous incentives and investment facilitation measures aimed at attracting investors, with a strong focus on increasing the added value of locally manufactured products and raising local content levels in vehicle and component production.

The minister concluded by emphasizing that the Ministry of Industry remains committed to implementing supportive policies for the sector and providing manufacturers and investors with the necessary facilitation measures to achieve the country's goal of building a fully integrated automotive industry and reinforcing Egypt's position as a regional manufacturing and export center.