Egyptian Firm Signs Automotive Components Joint Venture With South African Partner

Investment Minister Mohamed Farid Saleh witnessed the signing of a joint venture agreement between an Egyptian company and a South African partner to manufacture automotive components.

The agreement brings the Egyptian firm together with a South African company specialising in the manufacture and forming of components.

The project centres on producing parts for the automotive industry, rather than assembling finished vehicles. The brief announcement did not identify either company.

No investment value, production target or timetable was provided. The announcement also gave no details on the planned manufacturing location.