GM president says Egypt heading to tech-based future, emphasizes partnership

CAIRO – 12 December 2021: Egypt is at an inflection point with entrepreneurship and energy preparing the country for a technology-based future, Steven Kiefer, President of General Motors, has said.

Kiefer met with Prime Minister Mostafa Madbouly on Nov. 30, and on Saturday, he wrote on LinkedIn that the “Egyptian government is laying out bold plans which will support advancements in future mobility, which I was able to discuss with Prime Minister Mpstafa Madbouly during my visit… We also reaffirmed our relationship with long-standing partners the Al-Mansour Automotive group.”

He mentioned how Egypt is hosting COP27 climate conference next year, and the transformational move of government offices to the high-tech Administrative Capital. After visiting the new capital, Kiefer said it opened his eyes to “the significant scale of investment and the potential for mobility solutions in Egypt.”

He celebrated the signing of a Memorandum of Understanding with Al-Mansour Group to develop dupply chains, evaluate domestic mobility start-ups, and bring electric vehicles to Egypt after five decades of cooperation bringing a million vehicles to the country.

Further, he noted his visit to the GM plant in 6 October City, where he described work as “outstanding” and how the staff are optimizing manufacturing.