GV Investments Signs Exclusive Partnership Agreement with LADA Egypt for Manufacturing and Distribution 5 new car models in the Egyptian Market

GV Investments has announced during a press conference held today، Wednesday، the signing of an exclusive partnership agreement between its subsidiary، GV Auto، and Lada Egypt.

The partnership aims to market and distribute "Lada" cars with new 5 models in the Egyptian market. Additionally، the agreement entails the establishment of a manufacturing plant in Egypt to assemble and manufacture cars، catering to local market demands and boosting export opportunities.

An increase in demand for cars

With the presence of Sherif Hammouda، Chairman of GV Investments، and Ilya Savinov، Export Director of AvtoVAZ – Lada. The partnership is part of the development and expansion of the automotive market in Egypt، where the country is witnessing an increase in demand for cars and growing investments in the manufacturing sector.

The new plant is slated to be situated in Tarboul Industrial City، spanning an area of up to 200،000 square meters، and will focus on assembling and manufacturing five different models of LADA cars، which aligns with the company's strategy to amplify its production capacity.

GVI AUTO aims to produce between 50،000 to 70،000 cars annually، prioritizing the utilization of local components exceeding 60%. This underscores the company's commitment to bolstering the local industry and delivering high-quality products. Moreover، the company endeavors to achieve significant localization in the assembly and manufacturing processes، while also exploring new avenues for export and leveraging regional and international trade agreements involving Egypt، such as COMESA، the Agadir Agreement، South Africa، the European Union، and agreements with countries like Turkey.

“We are immensely proud of our partnership with LADA and its exclusive representation in Egypt. We envision Egypt as a pivotal hub for car manufacturing and export in the region، creating employment opportunities and fostering the localization of the automotive industry. This collaboration strengthens the position of GVI AUTO and LADA Egypt as industry leaders، unlocking significant prospects and bolstering the Egyptian economy and local industry.”، remarked Sherif Hamouda، Chairman of GV Investments.

For his part، Ilya Savinov، Director of Export Division of AVTOVAZ - LADA، stated “Egypt holds significant importance as a market for us. Our collaboration with GV marks a new milestone in introducing our products and services into this dynamic market. We are eager to establish a robust and enduring partnership with our counterparts in Egypt، prioritizing customer needs and expectations، and ensuring the delivery of top-quality products."

Comprehensive infrastructure

Standing out as one of Egypt's premier industrial hubs، Tarboul Industrial City is distinguished by its comprehensive infrastructure and integration. The city offers an ideal environment for industrial activities، featuring 12 diverse industrial axes، including the Technology Valley and sectors like food، electric cars، medical industries، textiles، and construction materials. With advanced technological capabilities، the city presents itself as an attractive investment destination، with anticipated Investment costs amounting to EGP 500billion and an expected creation of around 750،000 direct job opportunities.

A diversified portfolio of projects

Founded in 2019 with a vision focused on social، economic، and environmental enhancement; It sets its sights on becoming the main developer in Egypt. Aiming to focus on sustainable real estate development، GV Investments has a diversified portfolio of projects in Cairo، Alexandria، Port Said، Tanta، and the North Coast، and has a good portfolio of redevelopment projects in both modern and historical cities across the country. Its projects vary between residential، commercial، and industrial; It puts its clients first، with innovation and expertise in mind.