Cairo: Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir engaged in discussions with Bulgarian Ambassador to Egypt Deyan Katratchev and representatives from the Bulgarian company Sin Cars. The talks centered on a strategic plan to manufacture electric vehicles in Egypt, potentially in collaboration with a local industrial company or entity.

According to State Information Service Egypt, Sin Cars outlined its proposal to produce passenger cars, refrigerated freight vehicles, and mass transit vehicles by transferring its technology and industrial expertise to local companies. This initiative aims to take advantage of Egypt's existing manufacturing facilities and industrial capabilities.

The plan also proposes the creation of a technology-based research and development center, which will focus on training Egyptian engineers and workers. Wazir emphasized the Ministry of Industry's support for all stages of the project, highlighting that partnerships with local companies would expedite the process due to their experience in vehicle manufacturing and exporting to European markets. This collaboration is expected to enhance the competitiveness of the industrial sector and bolster local manufacturing capabilities.

Rosen Daskalov, CEO of Sin Cars, expressed the company's enthusiasm for investing in Egypt. He acknowledged the advantages of the local market, including access to suppliers, manufacturing capabilities, and raw materials. Daskalov also mentioned the potential to adapt manufacturing processes to meet the specific needs of the Egyptian market regarding components and final vehicle prices.