JA Solar International Ltd
MSC Mediterranean Shipping Company
Liebherr-International Deutschland GmbH
Alarcon y Harris
Africa's Data Centre Industry Report
Car Mix
Africa's Data Centre Industry Report

twitter Facebook Linkedin acp Contact Us

Stellantis contributes to Egyptian industrial growth

By localizing production, Stellantis is contributing to job creation, skill development, and technology transfer in Egypt. (Image source: Stellantis)

Stellantis Middle East and Africa (MEA), has continued its regional expansion through the launch and local assembly of the Jeep Grand Cherokee L in Egypt at the Arab American Vehicles (AAV) plant, affiliated with the Arab Organization for Industrialization

“This launch marks a crucial step in our Dare Forward 2030 strategy,” remarked Samir Cherfan, chief operating officer of Stellantis Middle East and Africa operations. “By restarting production at the Arab American Vehicles factory, we're not just introducing a new Jeep vehicle; we're recommitting to Egypt's industrial growth and solidifying our position in the MEA region. Our goal is to achieve market leadership in Egypt and increase our regional market share to over 22% by 2030.

“The region is very dynamic, and we have ambitious plans. We are aiming to become the No. 1 regional market player with one million vehicles sold by 2030 of which 35% will be electric. We want to move to over 90% regional production autonomy meaning producing in the region for the region, which will position us by far as the most localised player in the region.”

Local manufacturing in Egypt

Stellantis has labelled the manufacturing and bringing of the Jeep Grand Cherokee L to Egyptian lines as a vote of confidence in the capabilities of the professionals in the country and the strength of local infrastructure. It is a move that aligns both with the Egyptian Government’s strategy of enhancing local manufacturing and Stellantis’ MEA Dare Forward 2030 vision, a plan to become net zero by 2038 and being ‘second to none’ in value creation for stakeholders.

“Our extended collaboration with AAV has been instrumental in Stellantis' success in Egypt,” surmised Hesham Hosni, managing director of Stellantis Egypt. “This relaunch of local production not only demonstrates our confidence in Egyptian expertise but also our commitment to delivering world-class vehicles tailored to local preferences.”

Most Read

Genuine Volvo Parts are specifically developed, tested and approved to get the very best results from your Volvo machine. (Image source: Volvo CE)

The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)

Bobcat has included additional features to enhance the visibility around the machines. (Image source: Bobcat)

Africa Energy Forum 2024 was held in the Fira de Montjuïc in Barcelona. (Image source: ACP)

The project sought to address the high accident rate at the old Breidbach intersection and the traffic congestion. (Image source: SANRAL)

The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)

The project will extend and modernise the Moroni and Boingoma ports. (Image source: AfDB)

The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)

The Cat G3520 Fast Response natural-gas generator set is available for dealers around the world. (Image source: Cat)

The groundbreaking ceremony was attended by key representatives from the Ugandan Government, local communities and the companies involved in the project’s delivery. (Image source: AMEA Power)

Hyde Johannesburg marks a major milestone for Ennismore as the brand’s first hotel in Africa. (Image source: Ennismore)

Through the acquisition, Mauser is extending its existing production capacities and footprint in South Africa. (Image source: Adobe Stock)

Mandla Mbonambi, CEO of Africonology Solutions. (Image source: Africonology Solutions)

The Forte Secondary School fulfils an important role of educating 2,400 learners. (Image source: Bell Equipment)

Paltech stated the new collaboration solidifies its position as a leading provider of advanced valve solutions in South Africa and beyond. (Image source: 2Roads)

Latest news

The 165.6MW Benban solar plant in Egypt, which uses Astronergy solar module products. (Image source: Astronergy)

By localizing production, Stellantis is contributing to job creation, skill development, and technology transfer in Egypt. (Image source: Stellantis)

The investment is expected to enhance our operational capabilities and contribution to the growth and competitiveness of the economy. (Image source: NDB)

Left to right: Takuya Yamamoto, head of construction & mining equipment business unit No.2 Sumitomo Corporation; Romain Bia, deputy CEO BIA Group; Kenichi Hyuga, general manager, construction & mining system SBU Sumitomo Corporation; Vincent Bia, CEO BIA Group; and Damien De Prijck, CFO BIA Group. (Image source: BIA Group)

Southern Africa’s rich renewable resources could help form the basis for a thriving hydrogen economy. (Image source: Synergy Consulting)

EGA offers solutions tailored for both local and export markets including in countries such as Malawi, Mozambique, Angola, Ghana, Zimbabwe, Zambia, Kenya, Tanzania, Uganda, Rwanda, Namibia, and Botswana. (Image source: EGA)

Capital raised from the Series A round has been used to ramp up electric motorcycle and battery production, expand the company’s swap station network, and continue R&D on battery technology and software. (Image source: Ampersand)

A global shortage of power is inhibiting the growth of the data centre market. (Image source: Adobe Stock)

The development will enable mobile service providers to deliver 5G services to their subscribers. (Image source: Adobe Stock)

The move is expected to accelerate South Africa’s renewable energy transformation. (Image source: AIKO)

AFC is arranging a project development facility to support Africa’s largest gas-to-methanol plant. (Image source: AFC)

In phase 2 of the project, GBB adopted Huawei’s FusionDC1000B prefabricated modular data centre solution. (Image source: GBB)

The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)

L to R: Wayne Bowyer, managing director of Toyota Tsusho Africa; Andrew Velleman, CEO of CFAO South Africa; Andrew Kirby, president and CEO of Toyota South Africa; Rev Musa Zondi, KZN MEC for Economic Development, Tourism, and Environmental Affairs; Minister Parks Tau, SA Minister of Trade, Industry and Competition; Hiroshi Morita, CEO of Ogihara Thailand; and Nigel Ward, Toyota EVP: manufacturing and manufacturing support. (Image source: CFAO South Africa)

An important substation E-house facility at Sasol’s Upstream PSA Project in Mozambique has relied on WEG Africa’s depth of experience. (Image source: WEG Africa)

African Review