Opening the Project of Japanese Cars Production in Egypt

Dr. Mahmoud Issa, Minister of Industry and Foreign Trade, said there is great potential for development and growth of the automotive industry and components necessary to meet the needs of the local market and export. He pointed out that the dream of every Egyptian is the manufacture of a car that match the needs and circumstances of the Egyptian consumer such as quality and reasonable prices he assure that this dream is now possible to achieve, especially that car feeding industries in Egypt is with high degree of quality and also exports its production to many countries, this announcement was during inauguration of the launch of the first assembly line of Japanese cars SUV in the plants of Arab Organization for Industrialization in the presence of Ms. Faiza Abu Naga, Minister of Planning and International Cooperation, Mr. Mohamed Kamel Amr, Minister of Foreign Affairs and the general Hamdi wahiba the chairman of the Arab Organization for Industrialization, and Mr. John Karioba head of one of the largest global automotive companies and Mr. Nuri Hero Okuda, Japanese Ambassador in Cairo.

The minister said that Egypt is committed to its policies toward a free market economy and that the Revolution January 25 glorious added to this climate a great deal of transparency and credibility, making Egypt is eligible to receive a lot of foreign investment, pointing out that the choice of Toyota's global Arab Organization for Industrialization of the assembly of the first Japanese car in Egypt confirms the confidence of a major international companies in the investment climate in Egypt and the Egyptian market of promising markets for the industry, also emphasizes the important role played by the Arab Organization for Industrialization, with its potential for human and technological development of Egyptian industry and deepen the domestic manufacturing. The minister pointed out that Egypt and Japan linked by special relations. For his part, the general Hamdi wahiba the chairman of the Arab Organization for Industrialization to the company's decision to choose the global body to collect the car came after a deep study of the Egyptian market, which underlines that the future of the automotive industry in Egypt is promising.