Prime Minister Attends Al-Nasr Automotive Company’s Revival Celebration
First Batch of “Nasr Sky” Buses Delivered to Ministry of Transport Companies
Prime Minister Dr. Mostafa Madbouly presided over a milestone event at Al-Nasr Automotive Company, marking the resumption of production at the historic bus factory after a 15-year hiatus.
The ceremony celebrated the delivery of the first batch of “Nasr Sky” buses to the Ministry of Transport companies and showcased the company’s advancements in electric vehicle (EV) manufacturing and battery production.
A Historic Celebration
The event commenced with a documentary highlighting Al-Nasr Automotive’s rich legacy and ongoing transformation.
Attendees included senior government officials, members of Parliament, and international diplomats.
Dr. Khaled Shedid, Managing Director of Al-Nasr Automotive, presented the company’s vision to optimize its facilities and diversify its product portfolio, including electric tuk-tuks, golf carts, and light transport vehicles.
Strategic Partnerships for EV Expansion
During the ceremony, the Prime Minister witnessed the signing of a pivotal contract between Al-Nasr Automotive and global partners, including Singaporean-Taiwanese firm Tron Technology and UAE-based Eur Transit. This partnership will establish a joint-stock company to manufacture electric mini buses and batteries.
- Production Goals:
- By 2026, the company plans to produce 300 electric mini buses with a capacity of 24 passengers each.
- Battery production is projected to reach 600 units by 2026, with output doubling by 2027.
This collaboration aligns with Egypt’s commitment to private sector partnerships and attracting foreign investments.
Bus Factory Tour
The Prime Minister toured the bus factory, inspecting production lines and development projects.
The facility, with an annual capacity of 300 buses, aims to scale up to 1,500 buses by 2027, achieving a local component ratio of 50% in its first phase, increasing to 60-70% in subsequent phases.
Notably, the buses are already being exported to Arab countries.
Dr. Madbouly commended the Egyptian workforce for their dedication and adherence to international quality standards in manufacturing.
Delivery of “Nasr Sky” Buses
The first batch of “Nasr Sky” buses was handed over to the Ministry of Transport companies.
These state-of-the-art buses, with a capacity of 49 passengers and a length of 12 meters, are designed for comfort, safety, and advanced technology.
Passenger Car Factory Developments
The Prime Minister also inspected the passenger car factory development project. Construction is nearing completion, with production lines scheduled for installation next month.
Trial production of 20,000 cars per shift will begin by mid-2025, featuring a local component exceeding 45%.
The factory’s advanced design supports the simultaneous manufacturing of multiple car models, ensuring flexibility and efficiency.
Al-Nasr Automotive: A Legacy of Excellence
Founded in 1959, Al-Nasr Automotive was Egypt’s first car manufacturing company and a cornerstone of the nation’s industrial sector.
Spanning 900,000 square meters in Helwan’s Wadi Hof area, the company comprises nine factories.
After a brief liquidation in 2009, the company was revived in 2017, paving the way for a new era of innovation and sustainable production in alignment with Egypt’s Vision 2030 goals.
A Bright Future for Egyptian Industry
The celebration underscores Egypt’s commitment to revitalizing its national industry and advancing sustainable development.
Dr. Madbouly hailed the restart of Al-Nasr Automotive as a testament to the state’s resolve under President Abdel Fattah El-Sisi’s leadership to drive industrial progress and establish Egypt as a global automotive hub
This momentous occasion marks not only the revival of a historic company but also a bold step toward positioning Egypt at the forefront of the global automotive and EV industries.
