ISUZU Foundation assists in helping NPOs
The ISUZU Foundation and IRONMAN 4 the Kidz continue their joint effort in strengthening support for 13 registered Non-Profit Organisations (NPOs) in the Eastern Cape.
- Industry News
- 25 April 2024
Volkswagen and the Government of Egypt have signed an agreement to work together to develop a feasibility study on a shared automotive painting facility within the Industrial Zone in the East Port Said Automotive Zone north-east of Cairo.
The agreement was signed by the Chairman of the General Authority for the Suez Canal Economic Zone, Waleid Gamal Eldien, Chief Executive Officer of the Sovereign Fund of Egypt, Ayman Soliman, Managing Director of the East Port Said Development Company, Dr Ahmed Fikry and Chairperson and Managing Director of Volkswagen Group South Africa (VWSA), Martina Biene, in the presence of the Prime Minister of Egypt, Dr Mostafa Madbouly. The signing ceremony was also witnessed by the Minister of Planning and Economic Development, Dr Hala Al-Saeed.
The Government of Egypt has shown serious commitment to the advancement of localising the automotive industry in Egypt. The commitment was duly formalised in June 2022 with the announcement of the Automotive Industry Development Programme (AIDP). The AIDP aims to foster the local value addition, increase vehicle production volume, boost and attract investment and improve emission standards in the automotive sector.
Volkswagen has expressed interest in expanding its presence in the Egyptian market by participating in the AIDP. As such, Volkswagen intends to explore the feasibility of the establishment of a multi-model automotive painting facility in the East Port Said Automotive Zone (EPAZ).
The EPAZ is planned to become a world-class automotive manufacturing and logistics hub with the East Port Said Industrial Zone. It is situated within the Suez Canal Economic Zone of Egypt.
Martina commented: “Volkswagen is excited about the prospects of establishing its presence in the Egyptian market as part of its long-term growth plans on the continent, especially in North Africa. The AIDP is one of the most progressive automotive programmes on the continent that Volkswagen intends to be part of.
“The signing of the strategic co-operation agreement with the Government of Egypt is the continuation of Volkswagen’s strategy to play a pioneering and leading role in the development of the automotive industry in Africa.”
Volkswagen has been manufacturing vehicles in South Africa for over 72 years. It has three other vehicle assembly facilities in sub-Saharan Africa, which are in Kenya, Rwanda and Ghana. In addition, Volkswagen has a presence in 17 countries in sub-Saharan Africa where it sells passenger and commercial vehicles through licensed importers.
The ISUZU Foundation and IRONMAN 4 the Kidz continue their joint effort in strengthening support for 13 registered Non-Profit Organisations (NPOs) in the Eastern Cape.
It is called the “big one” in the automotive industry, the prestigious MSXi | NADA Dealership of the Year award, which was lifted by BB Ford Tzaneen, which also took the top spot on the podium in the category for Unlisted Groups.
Bakkie lovers are spoilt for choice, and the dominance of the market by the well-established brands does not put a damper on a number of other manufacturers to bring their offerings to South Africa.
Advertisement
Advertisement
You can't buy happiness but you can buy cars and that's kind of the same thing.
Unknown
The ISUZU Foundation and IRONMAN 4 the Kidz continue their joint effort in strengthening support for 13 registered Non-Profit Organisations (NPOs) in the Eastern Cape.
An exclusive conference organised by Keyloop, the largest global automotive technology company, will be held in Sandton tonight (Wednesday, 24 April), where the future of the automotive world will be discussed and how to revolutionise growth and customer loyalty.
Motus, the largest automotive group in South Africa, has announced the retirement of Osman Arbee, its Chief Executive Officer (CEO). Ockert Janse van Rensburg, currently the Group’s Chief Financial Officer (CFO) will succeed him as the new CEO.