In a significant move to boost Egypt’s industrial sector, Prime Minister Dr. Mostafa Madbouly witnessed the signing of a strategic partnership agreement between “El Nasr Automotive Manufacturing Co.” and China’s “FAW Group.”
This landmark deal aims to manufacture a new line of vehicles under the iconic Egyptian brand name “Nasr.”
The agreement focuses on transferring modern automotive technology to Egypt, increasing the percentage of local components, and meeting international quality standards.
This partnership aligns with the state’s vision to revive the national automotive industry, strengthen its competitiveness in regional and international markets, and establish Egypt as a prominent regional hub for vehicle manufacturing.
