Egypt reaches tentative deal with Japans Nissan to produce 100,000 vehicles
Egypt has reached an initial deal with Japan s Nissan Motor to produce vehicles in Egypt with the aim of exporting, Public Enterprise Minister Hesham Tawfik said on Tuesday.
The deal, signed in partnership with the government s Nasr Co for vehicle manufacturing, aims to produce 100,000 vehicles annually, increase the use of locally sourced components in vehicle production and export to other countries, the minister said.