Egypt and the UAE are on their way to establish a joint company to manufacture vehicles with a bi-fuel system (natural gas and gasoline), a step that serves Cairo's plans to make use of the country’s plentiful natural gas production.
A cooperation agreement was signed on Monday in Cairo between the Egyptian Ministry of Military Production and the UAE’s M Glory Holding to set up a 22,000-square-metre-sized factory named the Egyptian Emirates Company for the Automotive Industry (under the acronym ‘EM’).
Under the deal, the Cairo-based company is planned to manufacture and market pickup trucks than operate on natural gas and gasoline, with different models, according to a statement released by the Egyptian military production ministry following the signing ceremony, which was attended by the Minister of Military Production Mohamed Ahmed Morsy and Minister of Trade and Industry Niven Gamea.
Egypt’s main aim is to achieve maximum benefit from the resources and mineral wealth available in the country in light of the directives of President Abdel-Fattah El-Sisi, Morsy said.
With the emergence of the Go Green initiative, Egypt has been exerting constant efforts to create and develop an environment-friendly industry through localizing modern industrial technologies and creating professional technical cadres to fight pollution and reduce harmful emissions.
Minister Gamea said the production of the EM pickup car in Egypt represents an important step for the transformation towards clean energy and attracting new investments in this regard, the statement added.
Source: Al-Ahram Online
