🇪🇬EgyptNorth Africa
Egypt's El Nasr Automotive partners with China's FAW Group to revive vehicle manufacturing
via Egypt Today2 min read
Egypt's state-owned El Nasr Automotive Manufacturing Company, affiliated with the Ministry of Public Business Sector, is undergoing a revival after a 15-year production halt. 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.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Egypt Today.
Egyptian Ambassador Nada Draz has been elected to the Committee on the Elimination of Discrimination against Women CEDAW for the 2027–2030 term. The Egyptian Foreign Ministry stated that this victory highlights Egyptian diplomacy and the nation's international standing under President Abdel Fattah El-Sisi's leadership. Ambassador Draz received 141 votes, the second-highest among 20 candidates, in a competitive election. This outcome is seen as international recognition of Egypt's consistent support for women's rights and empowerment regionally and globally. This diplomatic success aligns with President Abdel Fattah El-Sisi's directives to enhance Egypt's international presence and support national talent in global leadership roles.
Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty stated that President Abdel Fattah El Sisi has prioritized diplomatic work, leading to a strong revival of summit diplomacy. This has involved frequent presidential visits and international tours, which have repositioned Egypt at the center of global affairs and elevated its relations with key international partners to comprehensive strategic partnerships. Abdelatty made these remarks during a ceremony celebrating the 200th anniversary of Egypt's Ministry of Foreign Affairs. He noted that these diplomatic actions reflect a leadership approach aimed at rebuilding the modern Egyptian state, strengthening its regional and international role, and reinforcing its influential presence in Africa and as a pillar of stability. The minister highlighted that Egypt's diplomatic agenda now includes economic and development diplomacy, investment promotion, trade enhancement, energy, water, and climate issues, as well as revitalizing multilateral action. He also emphasized the Ministry's ongoing commitment to protecting the rights and interests of Egyptians abroad. Abdelatty stressed that Egypt's foreign policy has undergone a significant transformation under President Sisi's leadership, restoring its regional and international standing through a clear national vision. He concluded by expressing appreciation for President Sisi's recognition of the Ministry's martyrs and his congratulations on its
The Egyptian Ministry of Environment and the Ministry of Local Development have installed the first three Reverse Vending Machines RVMs in the New Administrative Capital’s Governmental District. This initiative aims to strengthen Egypt's circular economy and encourage citizens and government employees to participate in waste collection and recycling. Users can insert used plastic or metal bottles into the machines and receive a voucher for purchases. Minister of Local Development and Environment, Manal Awad, stated that the launch of these machines is a significant step towards integrating circular economy principles into daily life, streamlining recycling, reducing plastic pollution, and promoting natural resource conservation.