Kuwaiti Al Mulla Group in talks with Mitsubishi for car manufacturing in Egypt
Updated 2/3/2025 7:50:00 AM
Arab Finance: Kuwait’s Al Mulla Group is negotiating with Mitsubishi International Corporation (MIC) to manufacture cars in Egypt, according to a statement by the Egyptian Ministry of Investment and Foreign Trade.
During a meeting with Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib, a delegation from Al Mulla Group, Mitsubishi’s agent in Kuwait, reaffirmed the company’s commitment to expanding its presence in Egypt.
The meeting focused on the group's plans to expand in Egypt, particularly in automobile manufacturing as Mitsubishi International’s agent, as well as in education and financial services.
El-Khatib highlighted Egypt’s investment incentives for the automobile industry and outlined the government’s strategy to localize vehicle manufacturing to meet domestic demand and boost exports.
The delegation emphasized Egypt’s strategic position as a key investment destination in the region and expressed interest in tapping into the country’s growing automotive sector.
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