{"id":591564,"date":"2019-12-10T04:28:24","date_gmt":"2019-12-10T04:28:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/peugeot-considers-assembling-cars-in-egypt\/"},"modified":"2019-12-10T04:28:24","modified_gmt":"2019-12-10T04:28:24","slug":"peugeot-considers-assembling-cars-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/peugeot-considers-assembling-cars-in-egypt\/","title":{"rendered":"Peugeot considers assembling cars in Egypt"},"content":{"rendered":"

<\/a> Peugeot is mulling assembling some of its car models to Egypt<\/strong> and is currently looking at several existing factories it could use, unnamed sources familiar with the matter tell the local press<\/a>. The sources did not disclose which facilities are being looked at, or the expected investment value and timeline for the potential move.<\/p>\n

The French company would be the latest international automotive manufacturers to say it is looking to assemble cars in Egypt<\/strong> after the government began talking up a package of incentives to automakers designed to spur domestic automotive manufacturing and assembly. The incentives, which include customs breaks, were expected to be implemented in October<\/a> through amendments to the Customs Act, but have yet to see the light of day.<\/p>\n

Who else is interested? <\/strong>Mercedes-Benz is preparing to return to local assembly again as soon as early next year<\/a>, and Korean automaker Kia has announced plans to assemble 15,000 cars<\/a> annually locally. Germany\u2019s Volkswagen is negotiating to assemble natural gas-powered cars in the local market. The government alsoopened talks<\/a> with a number of foreign automotive companies, including India\u2019s Tata and Japan\u2019s Nissan.<\/p>\n","protected":false},"excerpt":{"rendered":"

Peugeot is mulling assembling some of its car models to Egypt and is currently looking at several existing factories it could use, unnamed sources familiar with the matter tell the local press. The sources did not disclose which facilities are being looked at, or the expected investment value and timeline for the potential move. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[144,309,72,3518,3526,2532,1566,2380,10928,1123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591564","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-automotive","tag-customs","tag-enterpriseam","tag-local-assembly","tag-mercedes-benz","tag-nissan","tag-peugeot","tag-speed-round","tag-tata","tag-volkswagen","wpautop","entry"],"acf":{"mongo_id":"e2422c85-f157-483f-ad02-a9d73adfc987","is_powered_by":true,"section_story_id":"f9343e73-d835-4d7a-8ede-d82d2f997f0f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[591550],"teaser":"","voice_url":""},"yoast_head":"\nPeugeot considers assembling cars 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\/2019\/12\/10\/peugeot-considers-assembling-cars-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Peugeot considers assembling cars in Egypt\" \/>\n<meta property=\"og:description\" content=\"Peugeot is mulling assembling some of its car models to Egypt and is currently looking at several existing factories it could use, unnamed sources familiar with the matter tell the local press. 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Three European automotive manufacturers are looking at setting up \u201cstrategic partnerships\u201d with auto component manufacturers in Egypt as they look to distance their supply chains from China, head of the Engineering Export Council Sherif El Sayad tells Hapi Journal. El Sayad did not\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":575412,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/mercedes-to-start-local-assembly-very-soon-after-five-year-hiatus-sources\/","url_meta":{"origin":591564,"position":4},"title":"Mercedes to start local assembly \u201cvery soon\u201d after five-year hiatus -sources","author":"enterpriseam admin","date":"14 October 2020","format":false,"excerpt":"EXCLUSIVE- Mercedes-Benz could resume assembling its passenger car models in Egypt \u201cvery soon\u201d after a five-year hiatus, two sources in government tell Enterprise. 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