Latest news with #ArabOrganizationforIndustrialization
Egypt Today
2 days ago
- Business
- Egypt Today
Egypt lays foundation stone of solar power plant in Djibouti
A foundation stone-laying ceremony was held in Djibouti's capital for a new solar power plant in the village of Omar Jagaa, located in the Arta Region CAIRO – 19 June 2025: A foundation stone-laying ceremony was held in Djibouti's capital for a new solar power plant in the village of Omar Jagaa, located in the Arta Region, according to a statement issued Thursday by Egypt's Ministry of Foreign Thursday. The plant is being implemented by the Egyptian Ministry of Electricity and Renewable Energy, and the Djiboutian Ministry of Energy, with funding from the Egyptian Agency of Partnership for Development and implementation by the Arab Organization for Industrialization. The project comes as part of the implementation of the outcomes of President Abdel Fattah El-Sisi's visit to Djibouti in Apri 2025, and is a tribute to the relations between the two countries. The ceremony was attended by Djiboutian Minister of Energy in charge of Natural Resources Younes Ali Guedi, Undersecretary of the Egyptian Ministry of Electricity and Renewable Energy and Director of the Central Administration at the Ministry Mohamed Osama Issa, as well as representatives of the Arab Organization for Industrialization, and the governor of the Arta region. The Egyptian Embassy in Djibouti had organized a visit for a delegation from the Ministry of Electricity and Renewable Energy and a number of concerned companies to Djibouti from June 15-17. During the visit, both sides highlighted the importance of strengthening cooperation in the fields of electricity and energy. The solar power plant in the village of Omar Jagaa is the first step in the cooperation between the two sides in the energy field. The Egyptian delegation held fruitful discussions with the Djiboutian side, headed by the minister of energy of Djibouti, regarding other bilateral projects to develop the electricity grid in Djibouti and expand the wind power plant in the Jubit region.
Daily News Egypt
4 days ago
- Automotive
- Daily News Egypt
Al-Sisi urges expansion of local car manufacturing during inspection of state-owned auto plants
Egyptian President Abdel Fattah Al-Sisi underscored the importance of accelerating the country's automotive manufacturing strategy during a meeting on Monday with Lieutenant General Mokhtar Abdel Latif, Chairman of the Arab Organization for Industrialization (AOI), according to a presidential statement. During the meeting, Al-Sisi was briefed on AOI's current projects, including its industrial partnerships with international companies—most notably French carmaker Stellantis. The President highlighted the need to increase the proportion of local components in manufacturing, enhance export capacity, reduce import dependency, and preserve foreign currency reserves. As part of the visit, Al-Sisi inspected locally assembled Citroën C4X vehicles, which feature 45% domestic content. The model is manufactured at AOI's facilities through a joint effort with the Arab American Vehicles Company (AAV) and Stellantis. According to Abdel Latif, the production plan for the Citroën C4X began in August 2023, with the first models completed in March 2025. Production is projected to reach 7,000 units annually over a four-year period, totalling 28,000 vehicles. Looking ahead, AOI is preparing to begin production of a new Stellantis car model by the end of 2026. The model, expected to achieve a production volume of 240,000 units, will be manufactured exclusively in Egypt—marking a significant milestone, as it will not be produced in any other Stellantis facility worldwide. President Al-Sisi also called for deeper cooperation with both local and international private-sector partners, reaffirming Egypt's broader national objective of localising the automotive industry and scaling up vehicle exports.
Egypt Today
4 days ago
- Automotive
- Egypt Today
Egypt to Exclusively Produce New Stellantis Car Model by 2026 under AOI Leadership
Egypt is moving forward with plans to locally manufacture a brand-new car model in partnership with French automotive giant Stellantis, with production expected to commence by the end of 2026. The Arab Organization for Industrialization (AOI) will oversee the project, with a total production target of 240,000 vehicles, as confirmed by the Egyptian Presidency. The announcement followed a meeting between President Abdel Fattah El-Sisi and AOI Chairman Mokhtar Abdel Latif, where they reviewed the organization's key industrial activities and the performance of its subsidiaries. President El-Sisi emphasized the importance of reinforcing collaboration with private sector partners—both domestic and international—as part of Egypt's broader strategy to localize the automotive industry, increase local component integration, and grow exports of domestically manufactured products. Notably, the upcoming car model will be produced exclusively at AOI's manufacturing facilities in Egypt and will not be built at any other Stellantis site globally. The AOI is already producing the Citroën C4X locally in cooperation with Stellantis and the Arab American Vehicles Company (AAV), achieving a 45% local content rate. Initial prototypes were completed in March 2025, with plans to produce 7,000 units annually over four years, totaling 28,000 vehicles. According to AOI Chairman Mokhtar Abdel Latif, the organization is executing a comprehensive strategy aimed at expanding local manufacturing capabilities, increasing exports, and enhancing technological advancement across its factories. Central to this strategy is fostering public-private partnerships by leveraging AOI's cutting-edge industrial infrastructure.
Egypt Today
4 days ago
- Automotive
- Egypt Today
President Sisi meets Chairman of AOI Board of Directors, praises its significant role
CAIRO – 16 June 2025: Egypt's President Abdel Fattah El Sisi met with Chairman of the Board of Directors of the Arab Organization for Industrialization (AOI) Major General Mokhtar Abdel Latif. Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the President was briefed on the activities and projects undertaken by factories and companies affiliated with the Arab Organization for Industrialization across various fields. Major General Abdel Latif noted that the AOI operates according to a comprehensive strategy aimed at deepening local manufacturing, increasing export rates, and enhancing the industrial and technological capabilities of its factories. This is in addition to cooperating with the private sector to establish joint projects, leveraging the AOI's advanced industrial capabilities. President Sisi affirmed the AOI's significant role in various sectors, particularly with regard to the improvement of local manufacturing ratios, the localization of industry, and the increase of exports, which contributes to reducing the import bill and providing foreign currency, thereby supporting the national economy. President Sisi was also updated on the existing frameworks of cooperation between the AOI and several major international companies operating in the automotive industry. The President inspected a number of "Citroën C4X" models, which are locally manufactured with a 45% component ratio in the factories of the Arab Organization for Industrialization, in partnership with the Arab American Vehicles Company (AAV) and the French "Stellantis" Group. AOI Chairman, Major General Abdel Latif, said planning for the production of this model began in August 2023, adding that technical and logistical preparations were undertaken, leading to the production of initial prototypes in March 2025. He noted that approximately 7,000 cars are scheduled for annual production over four years, totaling 28,000 vehicles. Furthermore, preparations are underway for the production of a new car in cooperation with the "Stellantis" Group, with production set to begin in late 2026. This new model will see a total of 240,000 cars manufactured exclusively in AOI factories, and will not be manufactured in any of the Group's other global facilities. President Sisi gave directives to further strengthen cooperation with private sector companies, both locally and internationally. This is in alignment with the state's strategy aimed at localizing the automotive industry, increasing the percentage of local components, and maximizing exports of products manufactured in Egypt.
CairoScene
02-04-2025
- Automotive
- CairoScene
Egypt & Turkey Partner to Produce Unmanned Military Ground Vehicles
The UGVs are intended for use in military operations, border security, and logistics support. Apr 02, 2025 Egypt's Kader Advanced Industrial Factory, part of the Arab Organization for Industrialization, has signed a pivotal agreement with Turkish defense firm HAVELSAN to co-produce unmanned ground vehicles (UGVs) in Egypt. The collaboration aims to enhance Egypt's defense capabilities and promote technology transfer between the two countries. Under the terms of the agreement, advanced UGV systems will be produced at Kader's facilities in Egypt, leveraging Turkish engineering expertise and HAVELSAN's cutting-edge technologies, including AI, swarm intelligence, and real-time data processing. The joint production of unmanned ground vehicles will serve various critical military and security purposes, including reconnaissance, surveillance, border protection, and logistics support. The UGVs are designed to operate effectively across diverse terrains and in challenging conditions, significantly enhancing Egypt's defense capabilities and positioning the country as a regional hub for unmanned systems production.
