Arab Finance: Dr. Mustafa Madbouly, Prime Minister met this morning; At the government headquarters in the new administrative capital, the group officials Mansour MotorsTo review the plans to establish their new factory in the new October City and start production, in the presence of the team, the engineer, the entire minister, the deputy prime minister for industrial development, Minister of Transport and Industry, and Mohamed Mansour, Chairman of the Board of Directors of Al -Mansour Group.
During the meeting, Mohamed Mansour praised the government's achievements and development in the new administrative capital, in addition to its continuous effort to achieve more desired economic development rates, in light of the current regional and international challenges, adding that the support and development of the industry sector, but it is hoped for hope, as it is the growth locomotive of the Egyptian economy.
He made a presentation, during the meeting, on the new auto factory for Al -Mansour Group and Al -Mansour Factory for Vehicle Films, noting that the volume of investments in manufacturers reaches 150 million dollars, and it is an important and strategic step towards developing the automotive industry in Egypt, pointing out that the group signed a contract to use land to build the Mansour Motor Group Factory in the industrial area of the new October City between Mansour to manufacture transportation means, the new industrial arm of the group Al -Mansour Motors, the General Authority for Wild and Dry Ports and Logistics, where the new company specializes in manufacturing operations for various means of transportation in the factory.
He explained that Al -Mansour Motors Group plans to start production from its new factory during the third quarter of 2026, with a production capacity of 50 thousand units in the first stage, provided that production is doubled in the second stage to 100 thousand units annually, with a local component of more than 45%, and the factory will include a variety of car manufacturing units that extend over a total area of 47,500 square meters and a land area estimated at 126,000 square meters.
Mansour noted, during the meeting, that Al -Mansour Factory for Vehicle Vehicles in the Tenth of Ramadan City comes as an affirmation of the commitment of Al -Mansour Motors to develop and support the nutritional industries and localize the car component and spare parts industry, as the group invested more than ten million dollars to develop the factory and equip it with the latest production equipment, which enables him to reach production capacity exceeding ten million filters annually that meets the needs of various types of vehicles with opportunities Promising export.
Mohamed Mansour stressed that investing in the auto industry has become a binding priority to achieve the desired growth of the car market in Egypt, and that cooperation with major car companies increases the opportunities for expansion and progress in the automotive industry, transfer of experiences and support the locomotive of the industry in Egypt.
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