Egypt is seeking to attract major global automakers to localise the production of electric vehicles and components as part of a national strategy to meet domestic demand and expand exports, Prime Minister Mostafa Madbouly said on Tuesday. The Prime Minister stated that the government is prioritising the National Automotive Manufacturing Programme to transition toward clean energy and reduce reliance on traditional fuels. In 2024, commodity exports from the free zones were valued at $11bn, while service exports reached $7bnand petroleum exports totalled $6.5bn. Out of the total projects, 1,019 are located within nine public free zones, spanning industrial, storage, and service sectors. Targeted activities for the free zones that align with state strategy include information technology, software development, pharmaceuticals, and automotive components.

Source: Daily News Egypt January 27, 2026 17:41 UTC