Prime Minister Moustafa Madbouly witnessed on Wednesday, June 17, 2026, the signing of a strategic partnership agreement between Egypt’s Nasr Automotive Manufacturing Company and China’s FAW Group to manufacture a range of vehicles under the “Nasr” brand. The signing ceremony took place at the government headquarters in the New Capital in the presence of Deputy Prime Minister for Economic Affairs Hussein Eissa.
The agreement was signed by Chairman and Managing Director of the Metallurgical Industries Holding Company Mohamed El-Saadawi, Chief Executive Officer of Nasr Automotive Nabil Mohamed Hammad, the chairman of FAW Group and its head of international operations. On the sidelines of the signing, Saadawi said the strategic partnership crowns extensive discussions and coordination between the two sides over the past period, reflecting mutual trust and a shared commitment to building long-term cooperation.
He added that the partnership will contribute to transferring modern technology, increasing local-content ratios and supporting the state’s efforts to revive the national automotive industry and enhance its competitiveness in local and regional markets. For his part, Hammad said the agreement is expected to support the company’s plans to introduce high-quality vehicles under the “Nasr” brand in accordance with the latest international standards, meeting the needs of the Egyptian market while opening new opportunities for expansion and exports to regional and international markets.
He stressed that the partnership represents a successful model of cooperation between national companies and leading industrial institutions and reflects both sides’ commitment to supporting industrial development goals and strengthening Egypt’s position as a regional hub for automobile manufacturing.
Officials from both companies expressed appreciation for the Egyptian government’s continued support for the industrial sector, noting that the partnership marks a significant step toward establishing an advanced national automotive industry based on modern technology and the highest standards of quality and efficiency.
They added that the project will create added value for the Egyptian economy and support the country’s sustainable development efforts.