{"id":599131,"date":"2019-06-19T04:00:23","date_gmt":"2019-06-19T04:00:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/egypt-made-mg-cars-soon-as-mansour-signs-manufacturing-jv-agreement\/"},"modified":"2019-06-19T04:00:23","modified_gmt":"2019-06-19T04:00:23","slug":"egypt-made-mg-cars-soon-as-mansour-signs-manufacturing-jv-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/egypt-made-mg-cars-soon-as-mansour-signs-manufacturing-jv-agreement\/","title":{"rendered":"Egypt-made MG cars soon as Mansour signs manufacturing JV agreement"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- China's SAIC Motor, Al Mansour Auto to manufacture MG in Egypt: <\/b>Al Mansour Automotive will manufacture MG cars in Egypt with China's SAIC Motor through a joint venture, according to Xinhua, which appears to have broken the story<\/a>. The JV should get to work during \u201cthe next 12 months,\u201d Mansour COO Ankush Arora is quoted as saying. The report neither provided an investment value nor made it explicitly clear whether the cars will be manufactured or assembled (or both). Mansour, which became the exclusive local distributor of MG last year<\/a>, will also launch the new MG ZS electric SUV \u201cin the coming five months,\u201d Arora added. We heard in March 2018<\/a> that SAIC, which took over the UK brand in 2011, was looking into the possibility of opening a plant in Egypt and had been looking for a local partner on the venture.<\/p>\n

Good timing? <\/b>The JV agreement comes days after we reported that the government is working on new incentives<\/a> for car assemblers and manufacturers. The incentives could include a mix of customs discounts on components as well as potential capex drawbacks, among other measures. The move could help short up Egypt\u2019s anemic auto exports: Egypt\u2019s auto industry sold only USD 24.7 mn worth of product outside the country\u2019s borders in 1Q2019<\/b>, according to Capmas figures cited by the press<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- China's SAIC Motor, Al Mansour Auto to manufacture MG in Egypt: Al Mansour Automotive will manufacture MG cars in Egypt with China's SAIC Motor through a joint venture, according to Xinhua, which appears to have broken the story. The JV should get to work during \u201cthe next 12 months,\u201d Mansour COO Ankush Arora […]<\/p>\n","protected":false},"author":1,"featured_media":599132,"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":[144,72,3040,131,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-automotive","tag-enterpriseam","tag-mansour-group","tag-manufacturing","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e9532db0-b4fb-4571-9feb-cf484ec433dc","is_powered_by":true,"section_story_id":"481ec635-fa58-4aaf-98b3-c1dfb6f59c12","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/6\/212.jpg","photo_position":"above","related_issue":[599123],"teaser":"","voice_url":""},"yoast_head":"\nEgypt-made MG cars soon as Mansour signs manufacturing JV agreement - 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\/06\/19\/egypt-made-mg-cars-soon-as-mansour-signs-manufacturing-jv-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt-made MG cars soon as Mansour signs manufacturing JV agreement\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- China's SAIC Motor, Al Mansour Auto to manufacture MG in Egypt: Al Mansour Automotive will manufacture MG cars in Egypt with China's SAIC Motor through a joint venture, according to Xinhua, which appears to have broken the story. 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