Officials from the UAE and Egypt discussed joint manufacturing of cars that operate on alternative energy and dual power, one week after the visit of the UAE’s delegation to Cairo and the meeting between UAE Minister of Industry and Advanced Technology Dr. Sultan Al Jaber and Egyptian Prime Minister Mostafa Madbouli.
Egypt's Minister of State for Military Production Mohamed Ahmed Morsi discussed on Sunday with board chairman of UAE's M Glory Holding company Majida al Azazi and a number of company officials boosting bilateral cooperation.
The two sides tackled the progress rate of joint cooperation projects between the ministry and the UAE company as regards to manufacturing of bi-fuel pickup cars, Morsi said.
He added that a factory named the Egyptian Emirates Company for the Automotive Industry (under the acronym ‘EM’) will be set up to manufacture cars that operate on both natural gas and gasoline.
Actual production will start in the second half of 2023, he added.
He added that cooperation with the UAE company comes as part of President Abdel Fattah El-Sisi's directives to expand in the use of natural gas as a fuel for cars to boost state's strategy for sustainable development.
For her part, Azazi said the partnership with Egypt seeks to secure needs of local and African markets in the bi-fuel pickup cars domain.
She lauded the role played by the Military Production Ministry in stimulating investments in Egypt.
