{"id":640011,"date":"2024-08-19T00:00:00","date_gmt":"2024-08-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/19\/nissan-egypt-wants-to-invest-usd-56-mn-in-egypt-through-2026\/"},"modified":"2024-08-19T00:00:00","modified_gmt":"2024-08-19T00:00:00","slug":"nissan-egypt-wants-to-invest-usd-56-mn-in-egypt-through-2026","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/19\/nissan-egypt-wants-to-invest-usd-56-mn-in-egypt-through-2026\/","title":{"rendered":"Nissan Egypt wants to invest USD 56 mn in Egypt through 2026"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Nissan Egypt has big investment plans: <\/strong><span style=\"background-color: transparent;\">Nissan Egypt is planning to invest USD 55.9 mn in the Egyptian market until 2026, according to a cabinet <\/span><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0WGD1tmz4gBEFaw5peyzWzbExmLBhRrrxJa8xUjeb95YsKoDPr4Km2qA43e6aKD6Sl?rdid=LYkfVsUFTJtJXeTL\" rel=\"noopener\">statement<\/a><span style=\"background-color: transparent;\"> that came out following a meeting between Prime Minister Moustafa Madbouly and company representatives. <\/span><strong style=\"background-color: transparent;\">We have the rundown on where these funds will go.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- A freezone company: <\/strong>The automotive player will invest some USD 2 mn to set up a freezone company in Alexandria Port to facilitate car and car parts exports, with implementation expected to begin in November 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A new locally-made model: <\/strong>The company plans to begin manufacturing a new car model locally, the statement said without disclosing which model. The company aims to produce 10k units for the local market and 7k units for export during the first year of production, with annual increases to come based on demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come? <\/strong>The company is also looking into producing more of its models locally, based on market needs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT-<\/strong> Nissan Egypt has exported over 15k locally manufactured Sunny car models, since August 2022, generating over USD 120 mn. Nissan aims to increase its exports more than 50%, the statement read. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- More renewables: <\/strong>Nissan Egypt is currently adding 1.8 MW of solar power capacity \u2014 set to come online in September \u2014 to its 2 MW solar power plant and could add another 2.2 MW to its capacity by the fiscal year ending in 2025, bringing its total capacity to 6 MW, Nissan Egypt Managing Director Mohamed Abdelsamad added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- A new water treatment facility: <\/strong>Nissan Egypt is also planning to invest in a water treatment plant for agriculture, saving 28k cubic meters of water per annum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO ON THE AGENDA- A Nissan vocational school? <\/strong>The company is currently looking into a proposal put forward by Transport and Industry Minister Kamel El Wazir for Nissan to set up its own vocational school. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- We\u2019re <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/83f133a8-68d0-488b-8938-11bffafef0e6\/global%253cmark%253e-auto%253c%2Fmark%253e-group-signs-binding-framework-agreement-to-locally-assemble-cars\" style=\"\" rel=\"noopener\">getting serious<\/a><\/strong><strong> about our local auto industry: <\/strong>The Madbouly government has taken a bunch of steps towards localizing the automotive industry. Most recently it was reported that it has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/595b510c-e5af-4062-a856-717169a979bb\/gov%25e2%2580%2599t-to-invest-in-auto-feeding-industries.-plus:-locally-made-ev-batteries\" style=\"\" rel=\"noopener\">plans to set up three factories<\/a> for the production of car components at a cost of around USD 1.4 bn. It is also gearing up to carry out the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a06d4ec-4025-490e-8842-45c8a9fe0d8a\" style=\"\" rel=\"noopener\">Egyptian Automotive Industry Development Program<\/a> and a bunch of automakers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bbab4c0b-d0c3-4d53-9949-289663e00369\/automakers-are-already-lining-up-for-the-government%25e2%2580%2599s-local-manufacturing-initiative\" style=\"\" rel=\"noopener\">have already lined up<\/a>. <\/p>\n<p class=\"tag-border-left\">KASRAWY GROUP ARE ALSO PLANNING TO EXPAND- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new automotive factory incoming: <\/strong>Automotive player Kasrawy Group wants to set up a new car factory to produce a new car model, with plans to produce 23k units during the first five years of operation, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0TjRtqdG4nc12PqAv2vyBzao8q3CfXarS27Va6VErg2Jr2F1G2Da1nptduo8PpVSMl\" style=\"\" rel=\"noopener\">statement<\/a>. The government will provide the company with land needed to set up the facility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A whole lotta investments in the pipeline: <\/strong>The company plans to pump EGP 1.5 bn and USD 102 mn into a two-phase expansion plan of its manufacturing activities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The automotive player will invest some USD 2 mn to set up a freezone company in Alexandria<\/p>\n","protected":false},"author":1,"featured_media":640012,"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":[144,72,2532],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-enterpriseam","tag-nissan","wpautop","entry"],"acf":{"mongo_id":"b1112ddf-c9d4-47d8-ba90-0cd1d88d23a3","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1575.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Nissan Egypt wants to invest USD 56 mn in Egypt through 2026","related_issue":[640003],"teaser":"The automotive player will invest some USD 2 mn to set up a freezone company in Alexandria","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.d2ee8d4f-0046-4139-9158-0e28ea11433c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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If all three agreements are executed, the companies would\u2026","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\/2023\/2\/car-manufacturing-1600px-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602085,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/nissan-open-talks-with-egypt-on-incentives-for-electric-car-manufacturing\/","url_meta":{"origin":640011,"position":2},"title":"Nissan open talks with Egypt on incentives for electric car manufacturing","author":"enterpriseam admin","date":"18 March 2019","format":false,"excerpt":"Nissan Egypt has begun talks with the government to outline the incentives it would like to see to invest in electric cars manufacturing, Chairman Kohei Maeda says. Maeda provided little further details, but added that the company is working closely with authorities to determine the \u201csuitable structure\u201d to use and\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":602163,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/nissan-el-nasr-automotive-to-manufacture-100k-cars-a-year\/","url_meta":{"origin":640011,"position":3},"title":"Nissan, El Nasr Automotive to manufacture 100k cars a year","author":"enterpriseam admin","date":"20 March 2019","format":false,"excerpt":"Nissan, El Nasr Automotive to manufacture 100k cars a year: Nissan and state-owned El Nasr Automotive have signed a memorandum of understanding (MoU) to produce 100k cars a year in Egypt, according to a Public Enterprises Ministry statement (pdf). 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