{"id":591086,"date":"2023-07-31T00:00:00","date_gmt":"2023-07-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage\/"},"modified":"2023-07-31T00:00:00","modified_gmt":"2023-07-31T00:00:00","slug":"al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage\/","title":{"rendered":"Al Amal to temporarily shutter BYD assembly plant on FX shortage"},"content":{"rendered":"

Al Amal <\/strong>will soon shutter most of its local BYD production lines: <\/strong>Al Amal<\/a> Auto<\/a> will temporarily suspend operations at its BYD assembly plant within weeks, Chairman Amr Soliman told Enterprise, citing difficulty obtaining hard currency to import the required production components. Al Amal is the sole agent and distributor of BYD and Lada brand passenger cars and King Long microbuses in Egypt. The news was first reported by Asharq Busines<\/a> s<\/a>. <\/p>\n

What will happen? <\/strong>The company has enough components to continue operations for the next two weeks, after which it will down tools for at least 10 days as it awaits a shipment of components, Soliman tells us. After it receives the shipment, the company will only reopen only one of its four production lines, he said. The company has some 600 orders waiting to be fulfilled, he told us. <\/p>\n

The firm has been struggling with import difficulties for some time: <\/strong>Al Amal\u2019s factory has been forced to scale down its operations, with its output slashed by some 60% as a result of limited component imports, Soliman told us back in March<\/a>. \u201cSome 45% of the cars\u2019 components are sourced locally, while the remaining 55% is imported,\u201d he told Asharq . The company suspended the assembly of the Lada Granta on the back of Western sanctions on Russia and has for months<\/a> been worried it could be forced to shutter completely due to import restrictions. <\/p>\n

On the upside: <\/strong>Al Amal is currently in negotiations with Russia\u2019s Lada to resume assembly, Soliman confirmed<\/a>. <\/p>\n

Al Amal has been in the market for almost two decades: <\/strong>Al Amal kicked off its operations back in 2004, establishing a factory in the Tenth of Ramadan industrial zone. <\/p>\n

The wider sector is in a slump thanks to import woes: <\/strong>Total auto sales volumes fell more than a third<\/a> in 2022 after capital controls in place for most of the year made it almost impossible for distributors to import cars and components, and forced a number of global car manufacturers to suspend sales to Egypt. <\/p>\n","protected":false},"excerpt":{"rendered":"

Al Amal has cut production by more than half over the past year, could look to resume assembly of Lada cars<\/p>\n","protected":false},"author":1,"featured_media":591087,"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":[7339],"tags":[2443,144,72,2234],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-al-amal-auto","tag-automotive","tag-enterpriseam","tag-foreign-exchange","wpautop","entry"],"acf":{"mongo_id":"3d491eb6-fbad-4341-8e81-2adcc8ec631a","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/1190.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Al Amal to temporarily shutter BYD assembly plant in Egypt on FX shortage","related_issue":[591079],"teaser":"Al Amal has cut production by more than half over the past year, could look to resume assembly of Lada cars","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.fbfba9e0-69d5-40ea-8db9-e13947435863.mp3"},"yoast_head":"\nAl Amal to temporarily shutter BYD assembly plant on FX shortage - 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\/2023\/07\/31\/al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Amal to temporarily shutter BYD assembly plant on FX shortage\" \/>\n<meta property=\"og:description\" content=\"Al Amal has cut production by more than half over the past year, could look to resume assembly of Lada cars\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-31T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1190.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Amal to temporarily shutter BYD assembly plant on FX shortage\",\"datePublished\":\"2023-07-31T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage\/\"},\"wordCount\":344,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1190.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Al Amal Auto\",\"automotive\",\"EnterpriseAM\",\"foreign exchange\"],\"articleSection\":[\"Automotive\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/al-amal-to-temporarily-shutter-byd-assembly-plant-on-fx-shortage\/\",\"name\":\"Al Amal to temporarily shutter BYD assembly plant on FX shortage - 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We\u2019re kicking off a fresh week with plenty of news \u2014 and a couple of blackouts to boot. THE BIG STORY TODAY Al Amal could shutter its local BYD production line soon: Al Amal Auto could within two weeks temporarily suspend operations of its BYD assembly\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/65.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549413,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/15\/auto-assemblers-are-hurting\/","url_meta":{"origin":591086,"position":2},"title":"Auto assemblers are hurting","author":"enterpriseam admin","date":"15 September 2022","format":false,"excerpt":"FROM THE DEPT. OF DUH- Auto assembly in Egypt is hurting right now: Al Amal Auto could be forced to shutter its factory due to import restrictions, Chairman Amr Soliman told Al Mal. The sole agent and distributor of BYD and Lada brandpassenger cars and King Long microbuses in Egypt,\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627218,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/al-amal-automotive-is-in-talks-to-begin-assembling-electric-buses-by-2019\/","url_meta":{"origin":591086,"position":3},"title":"Al Amal Automotive is in talks to begin assembling electric buses by 2019","author":"enterpriseam admin","date":"25 July 2018","format":false,"excerpt":"Al Amal Automotive, BYD and Lada\u2019s local partner, is in talks with bus manufacturer King Long and BYD to begin assembling electric buses at Al Amal\u2019s factory in 10 Ramadan City by 2019, Al Mal reports. Soliman did not provide any details on the expected investment value.","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":659495,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/28\/simplex-plans-ksa-expansion-with-riyadh-cnc-factory-plus-madinet-masr-taqa-arabia-money-fellows-al-amal-auto\/","url_meta":{"origin":591086,"position":4},"title":"Simplex plans KSA expansion with Riyadh CNC factory. PLUS: Madinet Masr, Taqa Arabia, Money Fellows, Al Amal Auto","author":"enterpriseam admin","date":"28 January 2025","format":false,"excerpt":"The planned factory will be funded by its Saudi partner","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\/2025\/1\/1973.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573553,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/egypts-auto-firms-request-3-4-months-to-prepare-for-dual-fuel-engine-transition\/","url_meta":{"origin":591086,"position":5},"title":"Egypt\u2019s auto firms request 3-4 months to prepare for dual-fuel engine transition","author":"enterpriseam admin","date":"10 August 2020","format":false,"excerpt":"Give us 3-4 months to prepare for natgas transition, auto firms tell Trade Ministry: Toyota, Al Amal, and Modern Motors are among a group of auto firms that have requested that the Trade Ministry give them 3-4 months to prepare for the government\u2019s dual-fuel engine transition plan, said Al Amal\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591086","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=591086"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591086\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/591079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/591087"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=591086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=591086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=591086"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=591086"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=591086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}