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On June 18, reports emerged that FAW Besturn Auto Co., Ltd., a Chinese automotive company, and Nasr Automotive Manufacturing Company, an Egyptian state-owned enterprise, had inked a strategic cooperation agreement in Egypt’s New Administrative Capital on June 17. The collaboration will involve the joint production of a range of vehicles under the ‘Nasr’ brand. Egyptian Prime Minister Mostafa Madbouly, along with other government dignitaries, were present to witness the signing ceremony. Nabil Mohamed Hamad, General Manager of Nasr Automotive Manufacturing Company, remarked that this partnership would enable the company to manufacture vehicles that adhere to the latest international standards, thereby not only catering to the domestic market needs in Egypt but also facilitating the company’s expansion into regional and global markets.
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