{"id":610313,"date":"2023-11-19T00:00:00","date_gmt":"2023-11-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/global-auto-group-signs-binding-framework-agreement-to-locally-assemble-cars\/"},"modified":"2023-11-19T00:00:00","modified_gmt":"2023-11-19T00:00:00","slug":"global-auto-group-signs-binding-framework-agreement-to-locally-assemble-cars","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/global-auto-group-signs-binding-framework-agreement-to-locally-assemble-cars\/","title":{"rendered":"Global Auto Group signs binding framework agreement to locally assemble cars"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>More Egyptian-made BMWs?<\/strong> Global Auto Group (GAG), the agent and importer for BMW and Mini in Egypt, has signed a binding framework agreement with the Madbouly government to assemble cars locally, according to a cabinet <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3jue53ha\" style=\"\" rel=\"noopener\">statement<\/a> on Thursday. No further details confirming the car brand or the location, size, and cost of the project were provided. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t Global Auto Group\u2019s first auto-assembly rodeo: <\/strong>After <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/feba3115-5fdb-4cdf-bf31-aa0284dd48b0\" style=\"\" rel=\"noopener\">acquiring<\/a> the rights to be BMW Group\u2019s official importer and assembler Egypt in November 2022, Global Auto Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0037f212-748b-4ed8-bf4e-c261b8d8dc25\" style=\"\" rel=\"noopener\">restarted<\/a> the local assembly of BMWs after an almost five-year hiatus in January 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bigger, greener, and for export? <\/strong>Although the cabinet statement was slim on details, Prime Minister Madbouly made reference to the agreement in light of the Finance Ministry\u2019s Environmentally Friendly Automotive Industry Fund (EFAIF). Global Auto has also shown an interest in electric cars by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/947809e6-17d4-440a-aea1-3c60de7c3753\" style=\"\" rel=\"noopener\">signing<\/a> a strategic partnership with Infinity to charge electric BMWs at their charging stations. The company has also repeatedly made it clear its aims since acquiring the local rights to BMW to expand production and eventually begin exporting to other countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s behind Global Auto Group?<\/strong> Global Auto 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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- We\u2019re getting serious about our local auto industry: <\/strong>As part of the recently relaunched <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a06d4ec-4025-490e-8842-45c8a9fe0d8a\" style=\"\" rel=\"noopener\">Egyptian Automotive Industry Development Program (AIDP)<\/a> to localize the automotive industry and its feeder industries, the Madbouly government is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/601334bb-70b3-47ce-b5cb-765875e6f635\" style=\"\" rel=\"noopener\">exploring<\/a> the creation of a new auto industrial zone. Recent government incentives for the industry and efforts to drum up investment have led to foreign companies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3d2bc93-220d-4c86-b056-063bdc56d944\" style=\"\" rel=\"noopener\">eyeing up<\/a> new auto plants, local companies planning to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f46bde1c-c224-4074-b40a-c29e1224ea8a\" style=\"\" rel=\"noopener\">expand<\/a> their operations, and Egyptian companies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f0411ed-169b-48d2-8383-b7046bc5f929\" style=\"\" rel=\"noopener\">teaming up<\/a> to assemble foreign car brands locally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Auto Group began assembling BMW\u2019s in 2023 after a five-year hiatus<\/p>\n","protected":false},"author":1,"featured_media":610314,"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":[144,675,72,461,6420,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-bmw","tag-enterpriseam","tag-gafi","tag-global-auto-group","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"83f133a8-68d0-488b-8938-11bffafef0e6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/934.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Global Auto Group sign binding framework agreement to assemble cars in Egypt","related_issue":[610304],"teaser":"Global Auto Group began assembling BMW\u2019s in 2023 after a five-year hiatus","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.eeffd849-3b85-4f5b-ba21-0d7eed9e4a42.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Global is a joint venture between Kuwait\u2019s Ali Alghanim & Sons Automotive, Saudi Arabia\u2019s Mohamed Yousuf Naghi Motors, and local firms Organi\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/497.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":610313,"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 &quot;Automotive + Transportation&quot;","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":658787,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/16\/organi-group-eyes-usd-1-bn-in-auto-tourism-investments-over-the-next-five-years\/","url_meta":{"origin":610313,"position":3},"title":"Organi Group eyes USD 1 bn in auto, tourism investments over the next five years","author":"enterpriseam admin","date":"16 January 2025","format":false,"excerpt":"The big-ticket investment figure will be split evenly between the two sectors","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1045.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652527,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/brilliance-bavaria-auto-to-assemble-jinbei-model-cars-in-egypt\/","url_meta":{"origin":610313,"position":4},"title":"Brilliance Bavaria Auto to assemble Jinbei model cars in Egypt","author":"enterpriseam admin","date":"12 January 2017","format":false,"excerpt":"Brilliance Bavaria Auto says it will assemble Jinbei model cars in Egypt and could build a USD 120 mn assembly plant in the Suez Canal Economic Zone, said Brilliance GM Khalid Sa\u2019ad. The company (a subsidiary of BMW assembler and distributor Bavaria Group) is looking to access incentives in the\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":625797,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/zotye-auto-changhe-automobile-to-begin-locally-assembling-cars-in-2019\/","url_meta":{"origin":610313,"position":5},"title":"Zotye Auto, Changhe Automobile to begin locally assembling cars in 2019","author":"enterpriseam admin","date":"15 August 2018","format":false,"excerpt":"Zotye Auto, Changhe Automobile cars to be assembled locally in 2019: China\u2019s Zotye Auto\u2019s local agent, IFG Group, is planning to build an auto assembly plant in 6 October City by 2019, Chairman Mohamed Farag tells Al Mal. The new factory will produce 4,600 cars a year when operations start.\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610313","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=610313"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610313\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/610304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/610314"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610313"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610313"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}