Egypt revives Nasr auto production, eyes expanded local manufacturing

Prime Minister Mostafa Madbouly reaffirmed Egypt’s commitment to revitalizing its automotive industry during a ceremony on Saturday marking the resumption of production at El-Nasr Automotive Manufacturing Company (NASR) after a 15-year hiatus.

“This is a turning point for our industry,” Madbouly said. “The revival of El-Nasr proves our dedication to leveraging state assets while boosting local manufacturing and private-sector collaboration.”

He also noted the country’s ability to locally supply up to 70% of automotive components, emphasizing the potential to meet growing demand. “With half a million vehicles sold annually, and even more projected by 2030, Egypt is positioning itself as a key player in the automotive market,” he added.

Khaled Shedid, CEO of El-Nasr, described the company’s renewed focus on bus production. “We’re aiming to double bus production to 600 annually by 2025 and 1,500 by 2026. This includes Egypt’s first electric bus by 2025,” Shedid said.

To support this goal, El-Nasr signed a $10 million agreement with Taiwan’s Tron Technology and Emirati firm U-Transit to produce electric bus batteries, a venture expected to begin by mid-2025. “This partnership will be a game-changer for Egypt’s move toward sustainable public transportation,” Shedid added.

El-Nasr’s revival aligns with Egypt’s 2022 national strategy to expand the automotive industry, encouraging foreign investment and boosting exports.