Arab Finance: 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, ...

Volkswagen is expecting to open five new production facilities across Africa over the next 15 years, the report said. The devaluation of the Egyptian pound in March 2024 made Egypt a more ...

Volkswagen AG is considering producing cars in Egypt, part of plans to tap new African markets as it grapples with weaker demand at home. “We are very interested in Egypt as a production hub and ...

Nothing epitomises Chinese dominance over global industry more than its car sector. Outside Wuhan – yes, that Wuhan – in Hubei, central China, a 500 km2 industrial zone christened ‘Car Valley’ can ...

Swedish truck manufacturer Scania AB confirmed it is scheduled to begin operations at its new EUR 2 billion production hub in China in the fourth quarter of 2025, according to reports citing the ...

The American food company Kraft Heinz Egypt inaugurated on Saturday its newly expanded production facility at an investment of EGP 2 billion (approximately $50 million).

President Abdel Fattah al-Sisi on Sunday, June 1st, 2025, emphasized the importance of continuing efforts to improve the investment climate and to bolster Egypt’s position as a regional hub for ...

Turning to the metallurgical industries, El-Shimy highlighted the successful revival of El Nasr Automotive Company, marking a milestone in Egypt’s effort to localize the automotive industry. Bus ...

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