GM Egypt eyes future expansion in local market

General Motors Egypt discussed expansion plans in the Egyptian market with Egyptian Minister of Trade and Industry Ahmed Samir on Tuesday.

The meeting discussed the government’s efforts in providing investment to localise the automotive manufacturing sector.

Samir also said that the ministry is keen on enhancing cooperation with international companies, especially General Motors since it has great experience in the Egyptian market.

He said that the ministry is working with different state bodies and entities, especially the Central Bank of Egypt (CBE) and other ministries, to accelerate procedures for foreign investors in Egypt.

Chairman of General Motors Egypt Sharon Nishi confirmed the company’s commitment to expand in the Egyptian market since it is the largest in the Middle East.