Egypt Is Ready To Enter Car Tires’ Industry

Based on a leading daily, Hisham Tawfik, Minister of Public Business Sector, Mohamed Ahmed Morsi, Minister of State for Military Development, and Abdel Moneim al-Terras, Chairman of the Arab Organization for Industrial development, agreed on a final development plan to build a factory to produce tires in Egypt.

The strategy would be implemented in collaboration with the two ministries and the Arab Organization for Industrialization.

Ronald Burger, one of France's international consultancy companies responsible for organizing marketing, accounting, and economic feasibility studies for the automotive tire initiative, was also interviewed via videoconference.

According to Tawfik, this alliance is a critical step in unifying the tires industry's activities, as it will help stimulate and deepen the domestic sector and promote domestic investment and supply domestic goods to international markets.

Morsi stated that this collaboration reflects the integration of military production with the region's various economic organizations, such as the Ministry of Business and the Arab Organization for Industrialization.

He highlighted the Ministry's willingness to direct industrial, technological and human capital, which are open to businesses and their divisions, towards introducing various national initiatives in the country that benefit citizens and the economy.

According to Terras, all aspects of the final feasibility study with the multinational Ronald Burger Company were discussed in the context of establishing an extensive national industrial partnership for the manufacture of all types of vehicle tires, including passenger cars, shipping, buses, agricultural tractors, and heavy machinery.

He also stated that this partnership provides many job opportunities for young engineers and technicians by educating them in state-of-the-art technology in line with the fourth industrial revolution's demands.

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