Cairo: Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty reiterated on Thursday the Egyptian government's strong interest in partnering with international companies to attract further investment and localize vehicle manufacturing, especially electric and fuel-powered cars and buses. The top diplomat made the remarks during a meeting with Ajit Kumar, Director of the Hinduja Group.

According to State Information Service Egypt, Abdelatty highlighted Egypt's vast potential for low-cost renewable energy production, noting that the rising domestic demand for electric vehicles is particularly significant amid the expansion of charging infrastructure across several governorates. He outlined the range of incentives Egypt provides to investors, including customs and tax exemptions within its free industrial zones, especially the Suez Canal Economic Zone, which boasts strong infrastructure and a strategic location.

Abdelatty emphasized that Egypt's extensive network of free trade agreements with Arab, African, European, and Latin American blocs enables goods manufactured in Egypt to be exported tariff-free to a wide range of global markets.