Arab Finance: El Nasr Automotive Manufacturing Company has officially resumed operations after a 15-year hiatus, marking a significant step in Egypt's efforts to revitalize its national industry, as per a statement.

Prime Minister Mostafa Madbouly attended a ceremony at the company’s Helwan facility to celebrate the restart of production and highlight ongoing development projects aimed at restoring the company’s prominence in the automotive sector.

Key officials, including Deputy Prime Minister for Industrial Development Kamel El-Wazir and Ministers of Public Business Sector, Environment, Electricity, and Renewable Energy, among others, attended the event.

Ambassadors, parliamentarians, and business leaders also participated.

During the ceremony, attendees viewed a documentary highlighting the company’s history and its path to recovery as a cornerstone of Egypt's industrial sector.

Managing Director of El Nasr Automotive Company Khaled Shedid outlined the company’s vision to reintroduce its facilities into production, diversify product offerings—including light transport vehicles and electric tuk-tuks—and optimize logistics operations.

A major highlight of the event was the signing of a contract to establish a joint-stock company between El Nasr Automotive, Singaporean-Taiwanese firm Tron-e, and Emirati company Your Transit.

The collaboration aims to produce Egypt’s first electric minibus, with a capacity of 24 passengers, targeting urban and tourism markets. The production is set to begin mid-2025, with an initial capacity of 300 buses annually, scaling to 1,500 by 2027.

The project also includes the establishment of an electric battery production line.