Malaysian car Proton Saga to be assembled in Egypt from December
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CAIRO - Proton will begin local assembly of the Proton Saga model in Egypt starting in December, said Malaysia’s Prime Minister Anwar Ibrahim on Nov 12.
He said this initiative is part of Malaysia’s efforts to foster a new approach to cooperation between countries.
“Proton is not just an automotive company, it is a source of pride and part of Malaysia’s identity,” Datuk Seri Anwar said during the launch ceremony of the CKD Proton Assembly Plant in Egypt.
He emphasised that such joint ventures are crucial for advancing local industries.
“Malaysia’s presence in Egypt is built on trust and friendship,” he added. The assembly plant aims to produce 16,000 units from 2024 to 2026, with an estimated value of RM570 million (S$172 million).
Proton chairman Syed Faisal Albar said it is essential for the car brand to explore new markets if it wants to continue progressing.
“Our export sales are increasing every year. In our medium-term planning, we intend to make Egypt the main hub for Proton in the region,” he said at the event.
The regional assembly centre in Giza, Egypt, would be the company’s first foreign location to develop left-hand-drive models, added Tan Sri Syed Faisal.
“We hope this platform will provide the potential for Proton to expand further into neighbouring countries, making Egypt the main hub,” he said.
Mr Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Affairs and Minister of Industry and Transport, and Mr Hisham Ezz Elarab, chairman of Ezz Elarab Elsewedy Industrial Investments, were also present at the event. THE STAR/ASIA NEWS NETWORK
