Transportation Minister: No Going Back from Localizing Industries in EgyptSource: www.export-egypt.com 11/7/2023, Location: Africa |
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Minister of Transport Lieutenant General Engineer Kamel Al-Wazir that the Suez Canal Economic Zone hosts the first real factory for railway industries in partnership with the private sector and the Sovereign Fund of Egypt is a representative of the state.
The minister confirmed that there is no going back from the decision to localize industry in Egypt. This came during a session on the localization of the transportation industry in Egypt, within the activities of the third day of the International Exhibition and Conference for Smart Transport, Infrastructure and Logistics for the Middle East and Africa TRANSMEA2023. He added that Egypt strongly focuses on the transportation industries and their localization, pointing out that President Sisi’s directives are clear in this regard, and that Egypt is announced that it will not import buses from abroad and will manufacture them with national companies in cooperation with international companies. He further explained that at the current stage, Egypt will not contract or import new vehicles. For the railway from abroad, it will be manufactured locally. He explained that other means of transportation, such as the metro and others, are contracted on the condition of partnership and localization of these industries in Egypt, pointing out that a company such as SEMAF National can, with its capabilities, produce entire metro cars from unassembled black sheet metal and assemble it completely with components from inside and outside Egypt, and there are factories in Europe. The minister pointed out that there are attempts to manufacture train spark plugs with international companies to manufacture them inside Egypt, and we are also waiting for the manufacture of wheels for wagons, so that we can nationalize all transportation industries in Egypt. |
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