Egyptian authorities offered AVTOVAZ cooperation with the municipal holding Nasr. Joint projects with the Russian giant will allow Egyptian company that is experiencing problems again get back on his feet.

Today, the Egyptian delegation headed by Minister of industry Mounir Fakhry Abdel Nour is visiting Moscow. on 15 September, the official said talks between the Egyptian government and the Russian giant. "Return "AVTOVAZ" in the Egyptian market can be a chance to recover Nasr company", - said the official. He stressed that we are talking about large - scale project is about creating a full-fledged production. Not to mention the fact that, under the construction of the new plant has already been allocated land in the Suez canal area.

Followers of AVTOVAZ has approved that the negotiations with the Egyptian government actually carried out, however the details will be revealed only after the signing of Bo Andersson proper order.

It should be noted that the Egyptian market is already familiar with the cars of domestic concern. So, in 2002 in Egypt was adjusted production models of Lada. The first time the production was carried out by the efforts of the company Lada-Egypt the plant Suzuki, but later, in 2006, it launched the creation of a complete cycle, and the level of localization was 45%. But in 2013 due to the unstable situation in the country the production of Lada had to collapse.

According to "Kommersant", the Egyptian Consulate currently also negotiating a joint venture with KAMAZ.

Egyptian state firm Nasr El Nasr Automotive Manufacturing Company) was established in 1960. Since 1979 Nasr began to gather under the license of a number of models of Fiat, and later, in the 2000-ies, put on the conveyor model Florida Serbian manufacturer Zastava.
sections: World News, Economics