The meeting focused on opportunities for Mitsubishi Motors to scale up its operations in Egypt, including car assembly, manufacturing components, and developing supply chains. They also discussed leveraging Egypt’s strategic location and free trade agreements to export to markets in Africa, the Middle East, and Latin America.
Ambassador El-Etreby reviewed Egypt's recent economic
developments, the improved investment climate, and incentives designed to
stimulate the private sector. He emphasized the government's commitment to
deepening local industry and localizing Japanese technology, particularly in
strategic sectors like automotive manufacturing.
Mitsubishi Motors executives expressed appreciation for the
strong relationship with Egypt and confirmed the company's interest in studying
opportunities to increase its industrial footprint and enhance technical
cooperation with local firms, stressing the application of the highest Japanese
quality standards.
Both sides agreed to maintain coordination to advance joint projects and explore opportunities that align with Egypt’s vision of becoming a regional manufacturing and export hub in the automotive sector.