General Motors Egypt

General Motors Egypt S.A.E.
جنرال موتورز مصر

Type	Joint Venture
Industry	Automotive industry
Founded	1983
Headquarters	Maadi, Cairo, Egypt
Key people	Tarek Atta (Chairman & MD)
Products	automobiles, motor vehicles, trucks
Owner	33%: Egyptian Investors 31%: General Motors Company 20%: Isuzu Motors Ltd. 16%: Saudi Investors
Number of employees	1,400 +
Website	www.gmegypt.com

General Motors Egypt S.A.E. (جنرال موتورز مصر, or short GME) is a car and motor vehicle manufacturer based in Maadi, Cairo, Egypt. The company's car factory is located in the 6th of October City and is one of the direct neighbors of the Egyptian German Automotive Company. Despite its name, the company is not a part of the General Motors Company, but only a joint venture with the local importer and car dealer Al-Monsour Automotive Company. Al-Monsour is the largest shareholder and with more than 1,000 workers the official owner and operator of the plant.

After eight years of successful cooperation with the U.S. American General Motors starting in 1975, the dealer made a proposal to build a production plant in Egypt. So the company was founded in the same year. One year later, the plant was opened in an internal opening ceremony. At the official plant opening in 1985 the first cars rolled off the company's production line. The opening speech was given by the former President of Egypt Hosni Mubarak. In 1987, continuous production finally started. The company was at this time only active as an automotive supplier. The first product was the chassis for the Isuzu TF which was assembled locally by another car assembler as the Chevrolet T Series. In their own plant, production of the Chevrolet Mini Bus began, which was based on the same platform. In 1993, the Mini Bus was replaced by the Opel Vectra. In the following year, GM Egypt began the assembling of the CKD imported Opel Corsa.

In 1996 the 100,000th vehicle left the production plant. In the same year, GM Egypt was honored by General Motors as the best producer of Opel vehicles worldwide, on account of the production quality of the vehicles. In the following year, the company achieved an annual production capacity of 24,225 units.