Egypt and South Africa are strengthening their industrial integration and joint investment in sectors like automotive manufacturing, pharmaceuticals, and logistics. This initiative emerged during a meeting between Egypt’s Minister of Industry, Khaled Hashem, and South Africa’s Minister of Trade, Industry and Competition, Mabo Parks Tau.
Hashem emphasized the historical economic ties between the two countries and highlighted Egypt’s goal to attract international automotive manufacturers to bolster local production. He mentioned efforts to localize automotive components and produce tyres and electric vehicle batteries, as well as opportunities for collaboration in testing and certification.
Tau echoed the commitment to enhance cooperation in automotive sectors and explore partnerships. He referenced the recent African Automotive Investment Forum, which led to key agreements, including a joint venture between Egypt’s ElAraby Group and South Africa’s Malben Engineering for automotive component manufacturing. Additionally, a protocol was signed to establish the Egyptian-South African Business Council, marking a significant step towards deeper industrial and investment collaboration.
