President El-Sisi Meets with Arab Organization for Industrialization Chairman, Discusses Industrial Strategy

Strategic Insights -

President Abdel Fattah El-Sisi met with Chairman of the Board of Directors of the Arab Organization for Industrialization (AOI) Major General Mokhtar Abdel Latif to discuss the AOI's activities and projects across various fields. The President was briefed on the AOI's comprehensive strategy to deepen local manufacturing, increase export rates, and enhance industrial and technological capabilities. This includes cooperating with the private sector to establish joint projects and leveraging the AOI's advanced industrial capabilities.

Key Takeaways:

  • The AOI operates according to a comprehensive strategy aimed at deepening local manufacturing, increasing export rates, and enhancing industrial and technological capabilities.
  • The President affirmed the AOI's significant role in various sectors, particularly with regard to the improvement of local manufacturing ratios, the localization of industry, and the increase of exports.
  • The AOI has cooperated with the Arab American Vehicles Company (AAV) and the French "Stellantis" Group to locally manufacture the "Citroen C4X" model with a 45% component ratio.
  • Approximately 7,000 cars are scheduled for annual production 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.
  • The new model will see a total of 240,000 cars manufactured exclusively in AOI factories, and will not be manufactured in any of the Group's other global facilities.
  • The President gave directives to further strengthen cooperation with private sector companies, both locally and internationally.

Statistics:

  • 28,000 vehicles scheduled for production over four years.
  • 7,000 cars scheduled for annual production.
  • 240,000 cars planned for production of new model.
  • 45% component ratio for locally manufactured "Citroen C4X" models.
  • Production of new model set to begin in late 2026.
  • Initial prototypes of "Citroen C4X" produced in March 2025.
  • Planning for production of "Citroen C4X" began in August 2023.

Sources:

  • "Egypt Today" - official website of Presidency of the Arab Republic of Egypt.
  • Africa Press Organisation.