
Egypt's Prime Minister and Gonvarri CEO discuss investment in automotive and renewable energy
Prime Minister Mostafa Madbouly met with Jon Riberas, Executive Chairman of Spanish industrial group Gonvarri Industries, to discuss investment opportunities in automotive components, renewable energy, and steel structure manufacturing. The discussions, held in the New Administrative Capital, aimed to position Egypt as a regional hub for Gonvarri's operations in the Middle East and Africa. Attendees included Minister of Industry Khaled Hashem, Spanish Ambassador to Egypt Sergio Rom谩n, and executives from Elsewedy Electric and Ezz Elarab Elsewedy Motors. Madbouly instructed the Ministry of Industry to collaborate with Gonvarri on reviewing proposed projects within weeks, emphasizing government incentives for localization in solar, wind, and automotive manufacturing. Riberas acknowledged Egypt's strategic location and infrastructure as favorable for joint ventures and industrial expansion.



