President El-Sisi Meets with Arab Organization for Industrialization (AOI) Board of Directors
Egyptian President Abdel Fattah El-Sisi met with Major General Mokhtar Abdel Latif, Chairman of the Board of Directors of the Arab Organization for Industrialization (AOI). The meeting focused on the organization's activities, projects, and frameworks of cooperation with international companies in the automotive industry. President El-Sisi was briefed on the AOI's efforts to deepen local manufacturing, increase export rates, and enhance industrial and technological capabilities. The President also inspected a locally manufactured "Citroën C4X" model, which has a 45% component ratio in the AOI factories, in partnership with the Arab American Vehicles Company (AAV) and the French "Stellantis" Group.
Key Takeaways:
- President El-Sisi met with Major General Mokhtar Abdel Latif, Chairman of the Board of Directors of the Arab Organization for Industrialization (AOI), to discuss the organization's activities and projects.
- The AOI operates according to a comprehensive strategy to deepen local manufacturing, increase export rates, and enhance industrial and technological capabilities.
- President El-Sisi inspected a locally manufactured "Citroën C4X" model, which has a 45% component ratio in the AOI factories, in partnership with the Arab American Vehicles Company (AAV) and the French "Stellantis" Group.
- The "Citroën C4X" model will have an annual production of approximately 7,000 cars over four years, totaling 28,000 vehicles.
- Preparations are underway for the production of a new car in cooperation with the "Stellantis" Group, with production set to begin in late 2026 and a total of 240,000 cars manufactured exclusively in AOI factories.
- President El-Sisi gave directives to further strengthen cooperation with private sector companies, both locally and internationally, to localize the automotive industry and increase local components.
Statistics:
- 45% component ratio of the locally manufactured "Citroën C4X" model in the AOI factories.
- 7,000 annual production of the "Citroën C4X" model, totaling 28,000 vehicles over four years.
- 240,000 total cars manufactured in AOI factories in cooperation with the "Stellantis" Group by late 2026.
- Presence of 4 years of production plans and a total of 28,000 vehicle units.
- Production set to begin in late 2026.
Sources:
- M2 PRESSWIRE - June 16, 2025 - "President El-Sisi Meets Chairman of Arab Organization for Industrialization (AOI) Board of Directors"
- Presidency of the Arab Republic of Egypt
- M2 Communications