Arab Organization for Industrialization, Stellantis sign exclusive deal to produce 240,000 cars in Egypt

President El-Sisi also inspected several Citroën C4X models, which are locally manufactured with a 45 percent component ratio in the factories of the Arab Organization for Industrialization (AOI) in partnership with the Arab American Vehicles Company (AAV) and Stellantis.

In a statement, Presidential Spokesperson Ambassador Mohamed El-Shennawy said the inspection was conducted during a meeting with Major General Mokhtar Abdel-Latif, the AOI's board of directors chairman.

During the meeting, Abdel-Latif said planning for the production of this model began in August 2023. He added that technical and logistical preparations were undertaken, leading to the production of initial prototypes in March 2025.

Moreover, he noted that approximately 7,000 cars are scheduled for annual production over four years, totaling 28,000 vehicles.

According to the statement, preparations are underway for producing a new car in cooperation with Stellantis Group, with production set to begin in late 2026.

The spokesperson said El-Sisi gave directives to further strengthen cooperation with private sector companies, both locally and internationally, in alignment with the state's strategy to localize the automotive industry, increase the percentage of local components, and maximize exports of products manufactured in Egypt.

He stated that the president was briefed on the activities and projects undertaken by factories and companies affiliated with the AOI across various fields.

Furthermore, El-Sisi affirmed the AOI’s significant role in various sectors, particularly with regard to improving local manufacturing ratios, localizing industry, and increasing exports. These contribute to reducing the import bill and providing foreign currency, thereby supporting the national economy.