Prime Minister Madbouly Inaugurates New Magnet Car Production Line at Nissan

Dr. Mostafa Madbouly, the Prime Minister of Egypt, inaugurated the new production line for the “Magnet” car at Nissan in 6th of October City today.

This morning, Dr. Madbouly commenced a tour in 6th of October to open and inspect various industrial projects across multiple sectors.

He was accompanied by Dr. Khaled Abdel Ghaffar, Minister of Health and Population; Dr. Mohamed Farid, Minister of Investment and Foreign Trade; Engineer Khaled Hashim, Minister of Industry; Dr. Ahmed El Ansary, Governor of Giza; Dr. Ali El Ghamrawy, Head of the Egyptian Drug Authority; along with several officials.

During the event, Prime Minister Madbouly emphasized that his presence today for the inauguration and inspection of several industrial landmarks reflects the genuine interest of the Egyptian state under President Abdel Fattah El-Sisi’s leadership in developing the industrial sector. This initiative aims to stimulate expansion plans and inject more investments into the Egyptian market, positively contributing to economic growth, job creation, enhancing national exports, and reducing import bills.

Dr. Madbouly pointed out that the state is eager to attract various investment opportunities that are nationally prioritized, whether in labor-intensive industries that ensure job training for Egyptian youth or in precision industries that boast advanced technology and add value to Egyptian products and labor.

He affirmed that the government is committed to creating growth opportunities within the industrial sector to achieve desired goals related to localizing national industries and increasing local component ratios.