{"id":577640,"date":"2022-11-30T04:10:07","date_gmt":"2022-11-30T04:10:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/30\/the-new-face-of-bmw-in-egypt\/"},"modified":"2022-11-30T04:10:07","modified_gmt":"2022-11-30T04:10:07","slug":"the-new-face-of-bmw-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/30\/the-new-face-of-bmw-in-egypt\/","title":{"rendered":"The new face of BMW in Egypt"},"content":{"rendered":"

<\/a> An international JV now represents BMW and Mini in Egypt, says it\u2019s restarting local assembly<\/strong>: <\/strong>BMW has made Global Auto Group its new importer and agent in Egypt. Global is a joint venture between Kuwait\u2019s Ali Alghanim & Sons Automotive, Saudi Arabia\u2019s Mohamed Yousuf Naghi Motors, and local firms Organi Group and Al Safi Group, according to a statement (pdf)<\/a>. Global has also acquired Bavarian Auto Group (BAG), the former importer of both brands, the statement said.<\/p>\n

What\u2019s included: <\/strong>The acquisition sees BMW Group hand Global Auto the exclusive rights to import and assemble BMW and Mini cars in the local market. The JV has acquired BAG\u2019s existing network of service centers and showrooms, as well as its BMW assembly plant. The facility is home to three production lines with an annual production capacity of 10k vehicles. It\u2019s not clear if the acquisition includes the local rights to Brilliance Auto, the Chinese brand for which Bavarian has been the local agent and assembler.<\/p>\n

The Gulf partners are bringing plenty of experience: <\/strong>Alghanim is a BMW distributor in Kuwait and Iraq, while Naghi Motors is the exclusive BMW, Mini, and Rolls Royce importer to the KSA.<\/p>\n

Global Auto is set to invest USD 100 mn in the local market, <\/strong>chairman Fahad Alghanim told CNBC Arabia and Bloomberg Asharq in separate interviews (watch, runtime: 2:24<\/a> | watch, runtime: 2:05<\/a>). Part of the capex spending will go to refurbishing existing showrooms and service centers and opening new ones powered by renewables, \u201cespecially in new urban cities,\u201d the press release reads. Global Auto will also adopt BMW Group\u2019s \u201cRetail Next\u201d corporate identity<\/a> for dealerships.<\/p>\n

The company wants to bring back local BMW assembly ASAP:<\/strong> The company will restart assembly at the former BAG plant in January 2023, Alghanim said. It wants to assemble 1.5k vehicles annually in a first phase, with plans to expand and export locally assembled vehicles in the future. Like other international brands<\/a>, BMW downed tools on local assembly when it became clear the European Union was insisting Egypt honor its agreement to allow tariffs on fully assembled imports from Europe to fall to zero<\/a> in 2019.<\/p>\n

Fancy an electric BMW? <\/strong>Global Auto plans to introduce BMW i all-electric vehicles in the market. BMW has just rolled out its new i7 luxury EV in the UAE, Enterprise Climate<\/a> reported yesterday.<\/p>\n

This transaction is back from two years in the wilderness:<\/strong> We reported back in 2020<\/a> that Alghanim and BAG chairman Farid El Tobgui were competing to acquire the 99% stake in BAG held by a group of Qatari investors. Alghanim reportedly offered USD 300 mn for the dealership, while El Tobgui\u2019s offer was not disclosed. We don\u2019t know when El Tobgui bowed out, when the transaction was finalized, or how much Global Auto ultimately paid for BAG. BMW Group would have the final say in the transaction, we were told previously.<\/p>\n","protected":false},"excerpt":{"rendered":"

An international JV now represents BMW and Mini in Egypt, says it\u2019s restarting local assembly: BMW has made Global Auto Group its new importer and agent in Egypt. Global is a joint venture between Kuwait\u2019s Ali Alghanim & Sons Automotive, Saudi Arabia\u2019s Mohamed Yousuf Naghi Motors, and local firms Organi Group and Al Safi Group, […]<\/p>\n","protected":false},"author":1,"featured_media":577641,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[144,6070,675,72,6420,7128],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-automotive","tag-bavarian-auto-group","tag-bmw","tag-enterpriseam","tag-global-auto-group","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"feba3115-5fdb-4cdf-bf31-aa0284dd48b0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/497.jpg","photo_position":"above","related_issue":[577633],"teaser":"","voice_url":""},"yoast_head":"\nThe new face of BMW in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/30\/the-new-face-of-bmw-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The new face of BMW in Egypt\" \/>\n<meta property=\"og:description\" content=\"An international JV now represents BMW and Mini in Egypt, says it\u2019s restarting local assembly: BMW has made Global Auto Group its new importer and agent in Egypt. 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Bavarian Auto Group, the exclusive agent in Egypt for BMW automobiles, may be looking to shop itself to investors in 2019 according to an unconfirmed report in Al Mal that cites unnamed sources. The daily claims that an unnamed financial advisory firm is working\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":610313,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/global-auto-group-signs-binding-framework-agreement-to-locally-assemble-cars\/","url_meta":{"origin":577640,"position":1},"title":"Global Auto Group signs binding framework agreement to locally assemble cars","author":"enterpriseam admin","date":"19 November 2023","format":false,"excerpt":"Global Auto Group began assembling BMW\u2019s in 2023 after a five-year hiatus","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/934.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603113,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/bmw-launches-three-new-electric-cars-in-egypt\/","url_meta":{"origin":577640,"position":2},"title":"BMW launches three new electric cars in Egypt","author":"enterpriseam admin","date":"15 April 2019","format":false,"excerpt":"BMW Bavarian Auto Group, the exclusive agent in Egypt for BMW, has launched three electric car models \u2014 BMW i3, i8 Coupe, and i8 Roadster \u2014 in Egypt, according to a Trade Ministry statement (pdf). Egypt is currently working on building the infrastructure needed for electric cars, and the government\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626915,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/bavarian-auto-to-launch-new-eur-3-mn-bmw-assembly-line-in-august\/","url_meta":{"origin":577640,"position":3},"title":"Bavarian Auto to launch new EUR 3 mn BMW assembly line in August","author":"enterpriseam admin","date":"15 July 2018","format":false,"excerpt":"Bavarian Automotive expects to begin assembling the third generation of the BMW X3 model its 6 October plant in August, Marketing Director Yahia Kodouss told Al Mal. The company had announced back in 2017 that it was investing EUR 3 mn to launch a new assembly line at its 6\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636811,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/bavarian-automotive-to-invest-eur-3-mn-in-bmw-assembly-line\/","url_meta":{"origin":577640,"position":4},"title":"Bavarian Automotive to invest EUR 3 mn in BMW assembly line","author":"enterpriseam admin","date":"1 November 2017","format":false,"excerpt":"Bavarian Automotive is going to invest EUR 3 mn in its Sixth of October plant to assemble BMW cars, Al Mal reports. The company is finishing feasibility studies on assembling BMW 5- and 7-series vehicles. Bavarian Automotive also noted that its plants are running at 45% capacity at the moment.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578967,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/local-bmw-assembly-is-back-courtesy-of-global-auto-group\/","url_meta":{"origin":577640,"position":5},"title":"Local BMW assembly is back, courtesy of Global Auto Group","author":"enterpriseam admin","date":"19 January 2023","format":false,"excerpt":"AUTOMOTIVE- BMWs are now being assembled in Egypt for the first time in almost five years: Global Auto Group \u2014 the new agent and importer for BMW in Egypt \u2014 has begun assembling BMWs in Egypt, Chairman Fahad Alghanim said during a presser yesterday, according to Al Mal. The company\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/335.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=577640"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577640\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577641"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577640"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577640"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}