{"id":85395,"date":"2024-04-22T00:00:00","date_gmt":"2024-04-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/04\/22\/waja-group-to-assemble-market-evs-in-egypt\/"},"modified":"2024-04-22T00:00:00","modified_gmt":"2024-04-22T00:00:00","slug":"waja-group-to-assemble-market-evs-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/04\/22\/waja-group-to-assemble-market-evs-in-egypt\/","title":{"rendered":"Waja Group to assemble, market EVs in Egypt"},"content":{"rendered":"

Waja Group<\/a><\/strong> is setting out to manufacture EVs in Egypt <\/font><\/strong>under a framework agreement signed with the Egyptian government-owned automaker Arab Organization for Industrialisation (AOI), according to two separate statements here<\/a> and here<\/a>. This appears to be Waja\u2019s first venture in Egypt.<\/strong><\/p>\n

What we don\u2019t know: <\/strong>There\u2019s no publicly available information about the size, ownership split, brand portfolio, or production plans of the JVs. Waja boasts a portfolio of three companies working in the construction, communication, and IT sectors, but it is unclear how its expertise will be leveraged within the scope of this project.<\/p>\n

The agreement will see the business partners launch a new JV to produce, sell and <\/strong>market EVs<\/strong> for local consumption \u201cat competitive market prices,\u201d in Egypt along with a focus on potential exports to other Arab and African countries. <\/p>\n

The first phase of manufacturing will unfold at one of AOI\u2019s existing factories in Egypt<\/strong>, and phase two is set to kick off once the JV\u2019s new facility is ready to go online.<\/p>\n

IN CONTEXT-<\/strong> The AOI assembles Jeep vehicles and produces everything from home appliances to license plates, plastic and woven products. It is also involved in megaprojects including Egypt\u2019s railway upgrade and water treatment plants.<\/p>\n","protected":false},"excerpt":{"rendered":"

The business partners are looking to set up a JV that will serve both domestic and export demand<\/p>\n","protected":false},"author":1,"featured_media":85396,"comment_status":"","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":[2716],"tags":[2467,218,479],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-automotive","tag-evs","tag-waja","wpautop","entry"],"acf":{"mongo_id":"9ba6fbc4-5a18-4ada-9c24-224effd5b2d9","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1430.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Waja Group ventures into the EV industry in Egypt in partnership with Arab Organization for Industrialisation","related_issue":[85389],"teaser":"The business partners are looking to set up a JV that will serve both domestic and export demand","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.c1e90819-8e28-41e2-b2eb-9448f86bc27c.mp3"},"yoast_head":"\nWaja Group to assemble, market EVs in Egypt - 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