In December 2022, the company opened its most recent unit, which cost $150 million, in Giza, Egypt.
Global Auto Group, the official importer of BMW, BMW I, and MINI vehicles in Egypt, made this announcement as part of their intentions to start building luxury BMW cars locally.
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Not to mention that, if the facility is anything like its South African equivalent, it will be supplying its goods outside of Egypt, giving it more power to affect economic growth,
The presence of BMW in the area will improve Egypt’s and Africa’s overall reputations. By doing so, the region’s economy will be given a further boost and additional international investments will be attracted.
The introduction of BMW to Africa will be a positive development for the continent. It will contribute to the much-needed economic growth and job creation while also enhancing the continent’s reputation.
Mohamed Kandil, CEO of Global Auto, stated that the production of BMW X models, specifically those in the SUV category, would start on the assembly line in Egypt with the X5 40 model.
Customers who made reservations for the locally assembled X3 and X4 and the X7 before the first half of this year will receive their vehicles, according to Kandil.
According to Khaled Shedid, General Manager of BMW Egypt at Global Auto Group, manufacturing for the first batch of BMW vehicles built in Egypt would start in the first quarter of 2023.
He went on to say that the company intends to stop acting only as showrooms, exhibition halls, and maintenance facilities and instead transform into a full-fledged assembly operation worth more than $150 million, creating 600 employees.
He again reaffirmed the group’s dedication to sustainability, noting that around 30% of the parts used to create the BMW automobiles would be made of recycled materials.
This plant is not the first one operated by BMW on the continent; Rosslyn, South Africa is home to the company’s automaker.
Over 85% of all BMW 3 Series vehicles built at the Rosslyn facility, according to the company’s website, are going to be sold in the USA, Taiwan, Japan, Singapore, New Zealand, Hong Kong, Australia, Sub-Saharan Africa, and Canada.
In a nutshell, BMW’s decision to establish a manufacturing facility in Africa will undoubtedly support the economic development of the region.
The company’s presence in the nation will present chances for regional companies to collaborate with BMW to supply parts and services. Because more money will be moving about the area as a result, the economy will see a significant boost.
Not to mention that, if the facility is anything like its South African equivalent, it will be supplying its goods outside of Egypt, giving it more power to affect economic growth,
The presence of BMW in the area will improve Egypt’s and Africa’s overall reputations. By doing so, the region’s economy will be given a further boost and additional international investments will be attracted.
The introduction of BMW to Africa will be a positive development for the continent. It will contribute to the much-needed economic growth and job creation while also enhancing the continent’s reputation.
