page_title: Economy of Egypt
section_title: Automobiles manufacturing
hierarchical_section_title: Economy of Egypt / Main economic sectors / Industrial sector / Automobiles manufacturing
caption_attribution_description: English: MCV 600 coach with 3 axles. Build in Egypt. With chassis Mercedes OC 500 RF 2542. Length: 14.3 m. Photo taken at exhibition IAA 2014 in Hanover, Germany. Deutsch: MCV 600 Hochdeckerbus. Montiert in Ägypten auf Fahrgestell Mercedes OC 500 RF 2542. Foto: IAA Nutzfahrzeuge 2014 in Hannover.
context_page_description: The economy of Egypt was a highly centralized economy focused on import substitution under president Gamal Abd EL-Nasser. In the 1990s, a series of International Monetary Fund arrangements, coupled with massive external debt relief resulting from Egypt's participation in the Gulf War coalition, helped Egypt improve its macroeconomic performance.
  Since 2000, the pace of structural reforms, including fiscal, monetary policies, taxation, privatisation and new business legislations, helped Egypt move towards a more market-oriented economy and prompted increased foreign investment. The reforms and policies have strengthened macroeconomic annual growth results which averaged 8% annually between 2004 and 2009 but the government largely failed to equitably share the wealth and the benefits of growth have failed to trickle down to improve economic conditions for the broader population, especially with the growing problem of unemployment and underemployment.
context_section_description: El Nasr Automotive Manufacturing Company is Egypt's state owned automobile company, founded in 1960 in Helwan, Egypt. Established in 1962, the company manufactures various vehicles under license from Zastava Automobili, Daimler AG, Kia, and Peugeot. Their current lineup consists of the Jeep Cherokee; the open-top, Wrangler-based Jeep AAV TJL; the Kia Spectra; the Peugeot 405; and the Peugeot 406.
  Other automobile manufacturers in Egypt include Arab American Vehicles, Egy-Tech Engineering, Ghabbour Group, WAMCO (Watania Automotive Manufacturing Company) and MCV. MCV was established in 1994 to represent Mercedes-Benz in the commercial vehicle sector in Egypt, producing a range of buses and trucks for domestic sale and for export throughout the Arab World, Africa, Latin America and Eastern Europe. The manufacturing plant in El Salheya employs c. 2500 people.
caption: A modern MCV 600 3-axles comfort coach assembled in Egypt.
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