Egypt is doing everything it can to carry out its plan to localise the automobile industry, as it collaborates with Abu Dhabi to produce and manufacture a specific car in Egyptian factories to meet the needs of the Egyptian local market on the one hand, and export it to African countries on the other.

As part of Egypt's commitment to supporting and delivering on its strategy to localise the vehicle sector, the Egyptian Ministry of Military Production met with the Emirati M Glory Holding, which specialises in car manufacturing, on December 16 to discuss the production of Egyptian-made automobiles.

Mohamed Ahmed Morsi, Egypt's Minister of Military Production, indicated that they intend to create a strategy to regionalize current automotive technology with the support of the United Arab Emirates (UAE).

He also noted that an Egyptian-Emirati enterprise has been established in this vein, with Egyptian personnel working on the manufacture and production of bi-fuel automobiles for the first time in Egypt, as well as expanding the use of recently discovered natural gas in Egypt.

According to sources, Magda al-Azazi, Chairman of the Board of Directors of the Emirati M Glory Holding, stated that the relationship with Egypt is focused on satisfying the African and local demand for pickup trucks and transport vehicles.

She went on to say that these cars have advantages such as large engine capacity, top-notch safety features, comfortable seats, and the ability to run in a variety of climates and road conditions, making them an excellent fit for export to African countries.

The Egyptian Ministry of Military Production announced the formation of an Egyptian-Emirati automobile industry business called EM, which would make cars that run on natural gas and gasoline in Egypt.

According to reliable sources, the new company intends to produce around 12,000 automobiles each year to meet the needs of the African and Egyptian markets. In addition, the corporation intends to build 20 plants to increase car manufacturing.

It has been believed that the Egyptian government is aiming to give incentives for multinational corporations specialising in the automotive sector to invest in Egypt and supports its strategy to produce domestically.