Egypt's El Nasr Automotive partners with China's FAW Group to revive vehicle manufacturing

The company recently signed an agreement with China's FAW Group to manufacture a variety of vehicles under the "Nasr" brand. Established in 1960, El Nasr Automotive initially assembled cars before transitioning to full manufacturing. The government's efforts aim to revitalize the automotive industry and decrease reliance on imported vehicles.

Currently, El Nasr Automotive produces the Nasr Sky tourist bus with 63.5% local components, the Nasr Star minibus with over 70% local components, and an electric minibus. The company's facilities are equipped to produce diverse models for both its own brand and other brands in collaboration with private-sector partners. Future plans include expanding the production of modern vehicles, such as electric buses, to support sustainable transportation, green transformation, and emissions reduction.

The automotive and components industry is considered a strategic priority due to its role in local manufacturing, value addition, job creation, and export growth. For the first time in decades, El Nasr Automotive Company reported a net profit of approximately EGP 35 million for the fiscal year 2024–2025.