It seems General Motors recently has been hard at work in further developing its presence in Africa. Just last week the General announced it had opened-up shop in Uganda, and now, nearer to the Nile Delta, GM Egypt announced it will increase its investment in the region by an additional $46 million over the next 3-4 years, according to the The Cairo Post.
“Egypt enjoys a promising investment environment with lots of potential… with diversified demands. Egypt’s strategic location promotes exports making it North Africa’s hub,” said President and Managing Director of GM Africa,  Mario Spangenberg. His words come during a speech at the Egypt Economic Development Conference (EEDC) held March 13-15.
GM Egypt has invested $66 million in dealer development and various supporting partnerships over the past seven years. It directly employs 1,916 people and another 25,000 through those dealerships and partnerships.
Just like its recent partnership in Uganda, GM vehicle distribution rights in Egypt are solely owned by Al Mansour Automotive Egypt, one of the country’s largest vehicle importers and distributors.
Comments
I just wanted to thank you for this article. It really made me feel proud of my dad working for GM. It’s refreshing to see such articles focusing on the good. We so often are only supplied with such negative interpretations that we forget there is so much good out there for us to discover and we can find a little hope in our world. I wish we would reevaluate how we choose to share and interpret information. The media has such a strong and important role in shaping the collective consciousness of our world. They don’t have a responsibility, but an opportunity to illuminate the absolute beauty and brilliance of amazing individuals and collections of individuals accomplishing things to feel good about. Even if it’s just to help one person to think of their dad and feel pride.
Hey Marko, thanks for reading.
Couldn’t agree more, a lot of news today is tilted in a negative way. With that said, it’s nice to be able to talk about ideas and goals that are positive in nature, especially ones that resound with our readers on a personal level.
GM could better results in Algeria if it gives the right portfolio and like Renault, VW, Peugeot and Hyundai. and why not do some investment like Renault.
For GM , 46 million isnt a huge amount but , with all the turmoil in that part of the world is it even the time to do so ?