El Nasr to Produce Egypt’s First Locally Branded Car Next Year
- El Nasr Automotive Manufacturing Company is preparing to roll out its first vehicle featuring the "Nasr" brand name next year, targeting a domestic component ratio of up to...
- The vehicle production stems from a strategic partnership agreement signed in June between El Nasr Automotive Manufacturing Company and China’s FAW Car Group, according to Abdel Rahman Abdel...
- Manufacturing of the new national vehicle is slated to begin next year, with subsequent availability planned for the Egyptian market.
El Nasr Automotive Manufacturing Company is preparing to roll out its first vehicle featuring the “Nasr” brand name next year, targeting a domestic component ratio of up to 80 percent, according to statements from Abdel Rahman Abdel Ghani, a board member of the Holding Company for Metallurgical Industries.
Strategic Partnership with FAW Group
The vehicle production stems from a strategic partnership agreement signed in June between El Nasr Automotive Manufacturing Company and China’s FAW Car Group, according to Abdel Rahman Abdel Ghani, a board member of the Holding Company for Metallurgical Industries and head of the General Union for Engineering, Metal, and Electrical Industries. The signing ceremony included Mohamed El Saadawy, chairman and managing executive director of the Holding Company for Metallurgical Industries, alongside Nabil Mohamed Hammad, managing executive director of El Nasr Automotive. Representing the Chinese partner were Liu Zhongqing, chairman of FAW Car Group, and Yang Shaofu, the group’s head of international operations. The collaboration aims to manufacture a lineup of vehicles under the “Nasr” brand while transferring modern manufacturing technology and deepening local industrial capabilities.
Production Timeline and Local Component Integration
Manufacturing of the new national vehicle is slated to begin next year, with subsequent availability planned for the Egyptian market. Company plans involve scaling up the local component ratio progressively until it reaches approximately 80 percent. This gradual increase in domestic content is designed to enable the vehicles to enter regional and international export markets bearing the “Made in Egypt” designation and the “Nasr” badge. The initiative forms part of a broader state-backed push to revive Egypt’s national automotive sector and establish the country as an industrial hub for vehicle production.
Industrial and Financial Context
Beyond the automotive partnership, Abdel Ghani highlighted the positive financial performance of other subsidiaries under the Holding Company for Metallurgical Industries, pointing to profitable results at Egyptalum, the Egyptian Alloys Company, Nasr Mining, the Egyptian Copper Works, El Nasr Pipes, and Alexandria Refractories. These financial results provide foundational support for ongoing industrial investments and corporate expansions. By strengthening supply chains and boosting local manufacturing metrics, the state aims to build a sustainable industrial value chain capable of competing both domestically and abroad.
