Orchestra 
DIGITAL WORLD
BRICS+ Media Centre 
MODERN RUSSIAN 
08.07.2618:00 
Egypt boosts localisation of automotive industry and aims to reach 100,000 cars by 2030
Agreement signed to launch local production of modern vehicles in Egyptian factories
Egypt’s Minister of Industry, Khaled Hashem, witnessed the signing of a new investment partnership agreement between a leading local investment group and a global company specialising in the automotive industry.
The agreement aims to establish a joint venture to commence local production of modern vehicles in Egyptian factories and was signed in the presence of the Minister of Investment and Foreign Trade, Mohamed Farid, and senior executives from both companies.
Sada El-Balad, a partner of TV BRICS, quoted the Minister of Industry as saying that the agreement represents a practical implementation of the national strategy for the automotive industry and reflects the success of the state’s efforts to attract high-quality industrial investment. The minister noted that Egypt is undergoing a radical transformation in its investment environment, with an increasing number of international companies seeking to make direct investments and establish genuine production partnerships.
Hashim added that this transformation reflects the country’s transition from a phase of promoting investment opportunities to one of reaping the benefits of the advanced infrastructure and economic and industrial reforms that have bolstered international investors’ confidence in the Egyptian market. He explained that the project is in line with the state’s policy of localising industry and deepening domestic manufacturing, particularly in priority sectors, foremost among which is the automotive industry, noting the government’s focus on boosting the production of clean-energy vehicles and electric cars.
The Egyptian Minister of Industry noted that the National Automotive Industry Development Programme aims to increase domestic production to 100,000 cars by 2030, supported by a comprehensive package of incentives and investment facilities. He also called on companies to draw up a clear plan to increase local manufacturing ratios in parallel with the expansion of projects, thereby supporting the transfer of modern technology and enhancing the competitiveness of Egyptian industry in global markets.
In a related development, the pace of the automotive sector’s transition towards sustainability and increased local production is accelerating across BRICS and partner countries.
Brazil recorded its highest level of new car sales in 13 years, driven by growing demand for electric and hybrid vehicles. Band News, a partner of TV BRICS, reported that more than 1.7 million new vehicles were sold in Brazil during the first four months of 2026, an increase of 16 per cent compared with last year. Sales of hybrid cars rose by more than 71 per cent to exceed 90,000 units, while sales of fully electric vehicles surged by 173 per cent, with more than 48,000 units sold.
In Indonesia, the government plans to establish a national automotive manufacturing hub in the Subang region of West Java province, with a target production capacity of 300,000 vehicles per year, according to ANTARA. The project, which covers an area of 539 hectares, aims to strengthen the industrial base and support technology and will create around 2,000 jobs. It is being implemented in three phases, with the first phase targeting the production of 50,000 vehicles by 2028.
Thailand’s Ministry of Industry is working to accelerate the implementation of a project to recycle end-of-life vehicles, with the aim of improving waste management and ensuring the proper disposal of old cars when they are replaced with new ones. According to Vietnam News Agency (VNA), a partner of TV BRICS, this initiative forms part of the Bio-Circular-Green Economy (BCG) model promoted by the Thai government. The authorities are currently assessing vehicle dismantling techniques and establishing recycling plants, with the aim of strengthening national capabilities in this field and contributing to the development of a more sustainable automotive industry.
10.07.2615:00 
10.07.2613:00 
12 minutes 33 sec.