{"id":647717,"date":"2017-05-17T03:44:30","date_gmt":"2017-05-17T03:44:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/plans-to-revive-el-nasr-automotive-not-going-so-well-negotiations-stalled\/"},"modified":"2017-05-17T03:44:30","modified_gmt":"2017-05-17T03:44:30","slug":"plans-to-revive-el-nasr-automotive-not-going-so-well-negotiations-stalled","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/plans-to-revive-el-nasr-automotive-not-going-so-well-negotiations-stalled\/","title":{"rendered":"Plans to revive El Nasr Automotive not going so well, negotiations stalled"},"content":{"rendered":"

If there\u2019s one company that has captured the attention of a certain generation of local-press journalists, it\u2019s Nasser-era pet project El Nasr Automotive, where \u201ca source\u201d tells Al Mal<\/a> that negotiations with potential foreign partners to restart operations at El Nasr have stalled. Shocking. To hear the local press tell it, the defunct national car manufacturer had plans to begin operations by June. El Nasr needs EGP 300-500 mn to modernize its WWII-era equipment, they add. The company was in talks with Chinese companies last year<\/a> to secure USD 20 mn in funding needed to revive the company.<\/p>\n","protected":false},"excerpt":{"rendered":"

If there\u2019s one company that has captured the attention of a certain generation of local-press journalists, it\u2019s Nasser-era pet project El Nasr Automotive, where \u201ca source\u201d tells Al Mal that negotiations with potential foreign partners to restart operations at El Nasr have stalled. Shocking. To hear the local press tell it, the defunct national car […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9291],"tags":[2370,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647717","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"81f00234-f62e-4097-858c-b7eba608dfed","order":"0","is_powered_by":true,"section_story_id":"0f08398e-cd86-443e-9f5f-f315ab10d7ef","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647677],"teaser":"","voice_url":""},"yoast_head":"\nPlans to revive El Nasr Automotive not going so well, negotiations stalled - 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\/2017\/05\/17\/plans-to-revive-el-nasr-automotive-not-going-so-well-negotiations-stalled\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plans to revive El Nasr Automotive not going so well, negotiations stalled\" \/>\n<meta property=\"og:description\" content=\"If there\u2019s one company that has captured the attention of a certain generation of local-press journalists, it\u2019s Nasser-era pet project El Nasr Automotive, where \u201ca source\u201d tells Al Mal that negotiations with potential foreign partners to restart operations at El Nasr have stalled. 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No further details were provided (as is pretty standard for news of this beast.) This would be the\u2026","rel":"","context":"In "Automotive + Transportation"","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":652398,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/el-nasr-automotive-co-is-officially-coming-back-to-life-official-gazette\/","url_meta":{"origin":647717,"position":1},"title":"El Nasr Automotive Co. is officially coming back to life - official gazette","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"The Holding Company for Metallurgical Industries has officially decided restart operations at El Nasr Automotive Co, Youm7 reported. We noted last month that the government was in talks with potential Chinese partners to secure USD 20 mn in funding needed to revive El Nasr.","rel":"","context":"In "Automotive + Transportation"","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":634606,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/white-walker-automotive-reviewing-four-global-offers-to-restart-operations\/","url_meta":{"origin":647717,"position":2},"title":"White Walker Automotive reviewing four global offers to restart operations","author":"enterpriseam admin","date":"18 January 2018","format":false,"excerpt":"The Nasserist zombie car company, El Nasr Automotive Company, is reviewing partnership offers from four global firms in order to restart manufacturing and assembly operations, CEO Ibrahim Aglan tells Al Mal. The Public Enterprises Ministry had announced in December that the national car manufacturer was reviving talks with potential foreign\u2026","rel":"","context":"In "Automotive + Transportation"","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":592707,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/chinese-delegation-to-finalize-el-nasr-auto-partnership-next-month\/","url_meta":{"origin":647717,"position":3},"title":"Chinese delegation to finalize El Nasr Auto partnership next month","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"A delegation from an unnamed Chinese automotive company will visit Egypt next month as it nears an agreement with state-owned El Nasr Automotive, Public Enterprises Minister Hisham Tawfik said, according to Al Mal. A preliminary agreement was reportedly reached in August with an unnamed Chinese automotive company to set up\u2026","rel":"","context":"In "Automotive + Transportation"","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":545603,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/el-nasr-automotive-to-sign-agreement-with-new-chinese-partner-to-locally-assemble-evs\/","url_meta":{"origin":647717,"position":4},"title":"El Nasr Automotive to sign agreement with new Chinese partner to locally assemble EVs","author":"enterpriseam admin","date":"5 April 2022","format":false,"excerpt":"We\u2019re getting a new Chinese partner for EVs: State-owned El Nasr Automotive will sign next week with an unnamed Chinese company to locally assemble electric vehicles (EVs), El Nasr CEO Hany El Kholy told Enterprise. The upcoming agreement for the assembly of the EVs will be \u201cvery different\u201d from the\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572232,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/16\/egypts-mih-signs-mou-to-produce-30k-cars-for-3-years-at-el-nasr-automotive\/","url_meta":{"origin":647717,"position":5},"title":"Egypt\u2019s MIH signs MoU to produce 30k cars for 3 years at El Nasr Automotive","author":"enterpriseam admin","date":"16 June 2020","format":false,"excerpt":"MIH signs agreement with int\u2019l automaker to assemble 30k cars per annum at El Nasr Automotive: The state-owned Metallurgical Industries Holding Company (MIH) has signed a preliminary agreement with an undisclosed international company to locally assemble 30k cars annually at El Nasr Automotive, with manufacturing set to begin within three\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647717","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=647717"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647717\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/647677"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=647717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=647717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=647717"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=647717"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=647717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}