Egypt’s state-run automaker, El Nasr Automotive Manufacturing Company, has officially resumed manufacturing after a 15-year halt, as confirmed by the Egyptian cabinet.
At a ceremony commemorating this significant milestone, Prime Minister Mostafa Madbouly stated that the return of El Nasr is “a strategic decision by the state,” emphasizing the importance of private-sector partnerships in moving major projects forward.
Osama Aboul-Magd, head of the Egyptian Automotive Dealers Association, stressed the importance of the company’s reopening to enhance industrial localization.
“This will help save the foreign currency needed for relevant imports, provide job opportunities, increase the employment rate, and lead to exporting vehicles manufactured in Egypt,” He told Egypt Today.
Prime Minister Mostafa Madbouly attended a ceremony at the company’s Helwan facility to celebrate the restart of production and highlight ongoing development projects aimed at restoring the company’s prominence in the automotive sector.
Key officials, including Deputy Prime Minister for Industrial Development Kamel El-Wazir and Ministers of Public Business Sector, Environment, Electricity, and Renewable Energy, attended the event.
Ambassadors, parliamentarians, and business leaders also participated.
During the ceremony, attendees viewed a documentary highlighting the company’s history and its path to recovery as a cornerstone of Egypt’s industrial sector.
Managing Director of El Nasr Automotive Company Khaled Shedid outlined the company’s vision to reintroduce its facilities into production, diversify product offerings—including light transport vehicles and electric tuk-tuks—and optimize logistics operations.
A major highlight of the event was the signing of a contract to establish a joint-stock company between El Nasr Automotive, Singaporean-Taiwanese firm Tron-e, and Emirati company Your Transit.
The collaboration aims to produce Egypt’s first electric minibus, with a capacity of 24 passengers, targeting urban and tourism markets. The production is set to begin mid-2025, with an initial capacity of 300 buses annually, scaling to 1,500 by 2027.
The project also includes the establishment of an electric battery production line.
