Nissan willing to cooperate with Egyptian government to develop local auto industry

CAIRO - 14 March 2019: Nissan Motor Corporation asserted its desire to consolidate its presence in the Egyptian market and cooperate with the Egyptian government in carrying out its ambitious plans for the development of the local auto industry to place Egypt among the leading countries in the field of making and exporting automobiles.

This came during a meeting held between Prime Minister Moustafa Madbouli and a Nissan delegation led by Peyman Kargar, the Senior Vice President of Nissan and Chairman of its Management Committee for Africa, Middle East, and India, who affirmed that Egypt is of special importance for the company’s investments in the Middle East region given the potentials and valuable qualities and advantages it enjoys.

At the meeting, attended by Trade and Industry Minister Amr Nassar, Madbouli said that his government is ready to offer all possible incentives to encourage serious companies like Nissan to expand their businesses and pump more investments in the Egyptian market, highlighting a meeting he had earlier in the week with a delegation of the Egyptian-Japanese business council and the fruitful talks which the delegation conducted with President Abdel Fattah El Sisi as regards the promising future of the Japanese investments in Egypt.

The premier instructed Nassar to continue consultations with Nissan to accelerate the implementation of its expansion plans in the Egyptian market.