Egypt’s Vice Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held a virtual meeting with Thomas Schäfer, CEO of the Volkswagen brand to discuss the company’s plans to begin manufacturing cars in Egypt .
Egypt is moving forward with plans to locally manufacture a brand-new car model in partnership with French automotive giant Stellantis, with production expected to commence by the end of 2026.
Volkswagen AG is exploring plans to produce cars in Egypt as part of a broader strategy to expand across African markets while scaling back operations in Europe, Bloomberg reported, citing Martina Biene, Managing Director at Volkswagen Group Africa.