RIYADH: Egypt’s automotive industry is set to receive a boost after China’s ROX Motor partnered with Ezz El Arab El Sewedy Industrial Investment Group to manufacture vehicles locally and expand export capacity.
The venture will produce ROX range-extended electric vehicle models locally, advancing the country’s strategy to deepen industrial localization, increase value-added manufacturing and support the transition toward cleaner transportation technologies.
The signing ceremony was attended by Egypt’s Minister of Industry Khaled Hashe, Minister of Investment and Foreign Trade Mohamed Farid, and ROX Motor founder and CEO Jarvis Yan.
The agreement supports Egypt’s efforts to localize vehicle production, attract foreign investment and strengthen its position as a regional automotive manufacturing hub under the Automotive Industry Development Program, or AIDP.
“In his opening remarks at the ceremony, Hashem said the agreement represents a genuine translation and tangible success of Egypt’s national automotive industry strategy,” according to a statement by the Ministry of Industry.
