Malaysian automotive company Proton has announced its plans to commence car manufacturing in Egypt in collaboration with Ezz Elsewedy factories. The milestone was revealed during the signing of three framework agreements for car manufacturing in Egypt. The agreements were facilitated by government entities, including the General Authority for Investment and Free Zones, the Environmentally Friendly Automotive Industry Finance Fund, and the Automotive Industry Unit.
Local expertise in car assembly will be provided by Ezz Elsewedy Automotive Factories , Itamco, and Ghabbour Misr. This collaboration signifies a significant step towards fostering international partnerships in the Egyptian automotive industry, promoting economic growth and technological advancements.
The decision to manufacture Proton cars in Egypt is expected to have a positive impact on both countries, promoting knowledge transfer, creating employment opportunities, and enhancing the competitiveness of the automotive market. Leveraging Ezz Elsewedy's advanced facilities, Proton aims to meet the evolving needs of Egyptian consumers.
This collaboration between Proton and Ezz Elsewedy reinforces the importance of international partnerships in driving progress and propelling the automotive industry forward. It paves the way for growth, innovation, and economic prosperity in Egypt's automotive sector.