Japan's Toyota officials discuss beefing up production in Egyptian market

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Thu, 21 Jun 2018 - 12:10 GMT

A Toyota Motor Corp. logo is seen on a car at the International Auto Show in Mexico City, Mexico November 23, 2017. REUTERS/Henry Romero

A Toyota Motor Corp. logo is seen on a car at the International Auto Show in Mexico City, Mexico November 23, 2017. REUTERS/Henry Romero

TOKYO - 21 June 2018: Egyptian Ambassador to Japan Ayman Kamel paid a visit to Japan's Toyota Motor Corporation factory and headquarters, where he had talks with the company's senior officials on increasing Toyota cars manufacturing in the Egyptian market.

In a statement on Thursday, the Egyptian embassy said that Ambassador Kamel visited the Toyota Takaoka Assembly Plant, also known as Takaoka Plant, in Toyota City that produces 1,200 vehicles of various Toyota models per day.

The two sides also reviewed the latest developments related to Egypt's economy, along with resolving all difficulties related to foreign currency exchange that used to face foreign companies in Egypt.

He also called on the company to set up a new factory in the Suez Canal Economic Zone.

For their part, the company's officials said that their company is currently studying assembling new Toyota car models in Egypt, in cooperation with Egyptian parties.

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