{"id":592588,"date":"2023-08-08T00:00:00","date_gmt":"2023-08-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/08\/al-amal-wants-to-resume-lada-assembly-in-2024\/"},"modified":"2023-08-08T00:00:00","modified_gmt":"2023-08-08T00:00:00","slug":"al-amal-wants-to-resume-lada-assembly-in-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/08\/al-amal-wants-to-resume-lada-assembly-in-2024\/","title":{"rendered":"Al Amal wants to resume Lada assembly in 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Al Amal could resume Lada production in the new year: <\/strong><a target=\"_blank\" href=\"https:\/\/alamalauto.com\/\" style=\"\" rel=\"noopener\">Al Amal Auto<\/a>, the local agent of Lada and BYD vehicles, is looking to resume assembly of Lada cars in early 2024, Chairman Amr Soliman confirmed to Enterprise. The company is currently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3d491eb6-fbad-4341-8e81-2adcc8ec631a\" style=\"\" rel=\"noopener\">in negotiations<\/a> to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53cbe83b-71ec-402a-8eee-5479c5ad2bc8\" style=\"\" rel=\"noopener\">resume<\/a> assembly with Lada\u2019s manufacturer, Russian carmaker AvtoVAZ. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Background: <\/strong>Al Amal <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44a0cfeb-b4e9-4ea7-b37d-bf6f5be1a6a0\" style=\"\" rel=\"noopener\">suspended the assembly of the Lada Granta<\/a> in August 2022 on the back of Western sanctions on Russia and will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3d491eb6-fbad-4341-8e81-2adcc8ec631a\" style=\"\" rel=\"noopener\">temporarily suspend operations at its BYD assembly plant<\/a> within a week due to difficulty in obtaining hard currency to import the required production components. The company has for months been teetering on the brink of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f58bf2e9-4bd9-4c62-a46a-9a277f99088e\" style=\"\" rel=\"noopener\">shutdown<\/a> as a result of last year\u2019s import restrictions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Sanctions against Russia are a primary hurdle: <\/strong> Al Amal and AvtoVAZ are in talks to find a mechanism for conducting financial transfers, which have been made difficult by the <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_22_1484\" style=\"\" rel=\"noopener\">SWIFT ban<\/a> against Russian banks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Al Amal has slashed its assembly targets: <\/strong> The company is looking to halve its output of Lada cars, which previously stood at some 3k - 3.5k per month. Al Amal lowered its assembly targets on the back of declining demand in the auto market and the devaluation of the EGP, which has driven up car prices, Soliman said. Auto sales have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44f9dae3-3613-40a8-84c8-a54e455617a4\" style=\"\" rel=\"noopener\">dropped 70%<\/a> this year, Soliman noted, citing data by the Automotive Marketing Information Council. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company stopped assembling the Russian car last year thanks to Western sanctions<\/p>\n","protected":false},"author":1,"featured_media":592589,"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":[2443,144,11031,6539,72,11030,1095],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-al-amal-auto","tag-automotive","tag-avtovaz","tag-egypt-russia-relations","tag-enterpriseam","tag-lada","tag-russia-ukraine-war","wpautop","entry"],"acf":{"mongo_id":"5344bb07-e2f2-4840-a12a-c8ad62f3a50e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/342.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Egypt\u2019s Al Amal wants resume Lada assembly in 2024","related_issue":[592576],"teaser":"The company stopped assembling the Russian car last year thanks to Western sanctions","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.c9966f8a-7ea6-4317-b435-5ccf6c2b5ae3.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Al Amal wants to resume Lada assembly in 2024 - 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\/08\/08\/al-amal-wants-to-resume-lada-assembly-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Amal wants to resume Lada assembly in 2024\" \/>\n<meta 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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 &quot;Also on our Radar&quot;","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":651320,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/09\/amic-breaks-down-sales-performance-of-the-auto-industry-by-company-model\/","url_meta":{"origin":592588,"position":4},"title":"AMIC breaks down sales performance of the auto industry by company, model","author":"enterpriseam admin","date":"9 February 2017","format":false,"excerpt":"AMIC breaks down sales performance of the auto industry in 2016 by company and model: Thirteen auto companies reported 15-80% year-on-year drops in sales volumes in 2016, according to data from industry group the Automotive Information Council picked up by Al Mal. (Just to be clear: The story focuses on\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":659338,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/26\/orascom-construction-hassan-allam-construction-elsewedy-electrics-rowad-near-completion-of-usd-1-bn-tripoli-third-ring-road-plus-siac-construction-al-amal-auto-forthing-ariston-telec\/","url_meta":{"origin":592588,"position":5},"title":"Orascom Construction, Hassan Allam Construction, Elsewedy Electric\u2019s Rowad near completion of USD 1 bn Tripoli Third Ring Road. PLUS: SIAC Construction, Al Amal Auto + Forthing, Ariston, Telecom Egypt + Cisco","author":"enterpriseam admin","date":"26 January 2025","format":false,"excerpt":"The consortium will complete the project \u201cvery soon,\u201d said Libyan Prime Minister Abdul Hamid Dbeibah","rel":"","context":"In &quot;Also on our Radar&quot;","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\/2024\/9\/1937.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\/592588","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=592588"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592588\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/592576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/592589"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=592588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=592588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=592588"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=592588"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=592588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}