Nissan Egypt to invest $45M in local manufacturing expansion

Nissan Egypt will invest $45 million to produce a third vehicle model locally, expanding its operations. Signed in the presence of Prime Minister Mostafa Madbouly, the deal includes a 54% local component ratio and plans to export the model. Nissan also pledged $2 million to boost production capacity, targeting over 30,000 units annually by 2025. Celebrating 20 years in Egypt, Nissan aims to enhance domestic production through its integrated manufacturing facility.