{"id":644577,"date":"2024-09-29T00:00:00","date_gmt":"2024-09-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/29\/al-mansour-automotive-to-invest-usd-100-mn-in-the-local-market\/"},"modified":"2024-09-29T00:00:00","modified_gmt":"2024-09-29T00:00:00","slug":"al-mansour-automotive-to-invest-usd-100-mn-in-the-local-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/29\/al-mansour-automotive-to-invest-usd-100-mn-in-the-local-market\/","title":{"rendered":"Al Mansour Automotive to invest USD 100 mn in the local market"},"content":{"rendered":"

Mansour Auto has big investment plans:<\/strong> Al Mansour Automotive plans to invest some USD 100 mn in the local market over the coming four years, COO Lotfy Mansour told Asharq Business<\/a>. The company will use the funds to enhance its local manufacturing capabilities, he added. <\/p>\n

(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

We have an idea where part of the funds may go: <\/strong>Late last year, the cabinet announced<\/a> that the auto player is looking to set up a USD 35 mn car assembly and spare parts plant. While information about whether the potential factory will be assembling EVs or gasoline-powered cars hasn\u2019t been made public, a year prior<\/a> the company announced it was close to finishing feasibility studies to start assembling EVs in Egypt.<\/p>\n

And also:<\/strong> The company is aiming to kick off production<\/a> of a new MG model in 1Q 2025, with investments amounting to USD 20 mn.<\/p>\n

Al Mansour is keeping busy:<\/strong> The company is now the official distributor of the Slovakian Matador Tires<\/a> in Egypt under a newly-signed partnership agreement between the two sides, Al Borsa<\/a> reports. Al Mansour will start off with distributing passenger car tires and at a later phase start distributing tires for light trucks. <\/p>\n

Remember: <\/strong>The Madbouly government has been working to localize the auto industry, introducing the Egyptian Automotive Industry Development Program (AIDP)<\/a> in 2022, which will offer incentives to auto players with the aim of localizing the industry and its feeder industries, with the aim of enhancing the country\u2019s existing assembly and manufacturing capabilities \u2014 and of encouraging new investment to the sector.<\/p>\n

Read more: <\/strong>We dove into the government\u2019s efforts to localize the auto industry in an Inside<\/a>Industry<\/a> published earlier this month.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company will use the funds to enhance its local manufacturing capabilities<\/p>\n","protected":false},"author":1,"featured_media":644578,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7272],"tags":[144,72,125,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-644577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-automotive","tag-enterpriseam","tag-investment-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"b073b2fd-e6fe-4161-86b0-8f89a7059b7d","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/2143.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Al Mansour Automotive to invest USD 100 mn in the Egyptian market","related_issue":[644567],"teaser":"The company will use the funds to enhance its local manufacturing capabilities","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.444104aa-c1db-42c2-8691-4a2551d926dc.mp3"},"yoast_head":"\nAl Mansour Automotive to invest USD 100 mn in the local market - 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If all three agreements are executed, the companies would\u2026","rel":"","context":"In "Investment Watch"","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":608096,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/15\/mansour-auto-plans-new-factory-for-vehicle-assembly-components-manufacture\/","url_meta":{"origin":644577,"position":2},"title":"Mansour Auto plans new factory for vehicle assembly, components manufacture","author":"enterpriseam admin","date":"15 October 2023","format":false,"excerpt":"The company is set to invest USD 35 mn in the project","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/699.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":657997,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/","url_meta":{"origin":644577,"position":3},"title":"Al Mansour Auto, SAIC\u2019s USD 135 mn MG manufacturing plant to go live in 2026","author":"enterpriseam admin","date":"30 December 2024","format":false,"excerpt":"The factory is set to kick off production in 2Q 2026 will have a local component ratio exceeding 45%","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2497.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625841,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/16\/al-mansour-becomes-exclusive-distributor-for-mg-in-egypt-to-invest-egp-400-mn-by-2022\/","url_meta":{"origin":644577,"position":4},"title":"Al Mansour becomes exclusive distributor for MG in Egypt, to invest EGP 400 mn by 2022","author":"enterpriseam admin","date":"16 August 2018","format":false,"excerpt":"INVESTMENT WATCH- Mansour becomes exclusive distributor for MG in Egypt, to invest EGP 400 mn by 2022: Mansour Group\u2019s Al Mansour Automotive signed an agreement with SAIC Motors that will see it become the exclusive local agent for the company\u2019s UK subsidiary MG Motors, according to Al Shorouk. The company\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":694750,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/19\/banque-misr-kicks-egp-2-7-bn-for-mansour-groups-vehicle-assembly-plant\/","url_meta":{"origin":644577,"position":5},"title":"Banque Misr kicks EGP 2.7 bn for Mansour Group\u2019s vehicle assembly plant","author":"enterpriseam admin","date":"19 April 2026","format":false,"excerpt":"The 126k sqm facility will begin operations in 1Q 2027","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/867.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\/644577","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=644577"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644577\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/644567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/644578"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=644577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=644577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=644577"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=644577"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=644577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}