OREANDA-NEWS. Ministry of Industry and Trade of Russia will support promotion of the Russian automotive companies in the Egyptian market. This was stated by Minister of Industry and Trade Denis Manturov as a result of his working visit to Cairo on 26 May 2015. The extension of the presence in Egypt has already been announced by AVTOVAZ, KAMAZ and GAZ Group, press service of Ministry of Industry and Trade of the Russian Federation reports.

"We expect that AVTOVAZ joint venture in Egypt will produce 2,500 vehicles this year. As from next year, after modernization of production facilities is completed the enterprise will assemble not less than 3,000 vehicles per year. KAMAZ, UAZ and GAZ are negotiating about establishment of joint ventures with local companies.  The Russian automakers have already had experience in assembly, sales and service of vehicles in Egypt, as well as operation of vehicles in local conditions, which is the most important. As soon as the agreements are reached, our companies will be able to start both manufacture and supplies of components to meet the current demand, "- Denis Manturov said.