Al-Monsour Automotive
Encyclopedia
The Al-Monsour Automotive Company and Monsour Group is an importer and car dealer located in Alexandria
, Egypt
. The company was founded by Mr. Lotfi Mansour in 1975. The current company owners are the brothers Yusuf Monsour and Yassin Mansour. Yassin is the official Egyptian Minister of Transport. Since its founding, the company is working together with the General Motors Company
and is today regarded as a local general importer.
Just eight years after the founding, the company opened an joint venture
with General Motors. In this joint-venture company, the firm is manufacturing cars, trucks and pickups for the markets of Egypt and the Middle East
. The building of the plant was the part of GM. The staff of the plant comes from the Al-Monsour Automotive. Al-Monsour is the main shareholder and the official owner of the plant, but GM reserves contradictory to the house rights, which is part of a separately negotiated contract. This is only temporary and will be renewed regularly. The joint venture company operates under the name General Motors Egypt S.A.E.
and is located in Cairo
.
In addition to the Egyptian domestic market, the markets of the United Arab Emirates
, Ghana
, Kenya
and the Russian Federation
have an important role for the company also. In these countries there are contracts with large companies like McDonald's
, Caterpillar
, Kraft Foods
and several other companies. These firms are supplied by the Al-Monsour Automotive Company with appropriate refrigerated trucks. Only ten percent of the company is owned by the General Motors Company. Al-Monsour employs worldwide more than 11,500 workers.
Alexandria
Alexandria is the second-largest city of Egypt, with a population of 4.1 million, extending about along the coast of the Mediterranean Sea in the north central part of the country; it is also the largest city lying directly on the Mediterranean coast. It is Egypt's largest seaport, serving...
, Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
. The company was founded by Mr. Lotfi Mansour in 1975. The current company owners are the brothers Yusuf Monsour and Yassin Mansour. Yassin is the official Egyptian Minister of Transport. Since its founding, the company is working together with the General Motors Company
General Motors
General Motors Company , commonly known as GM, formerly incorporated as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world's second-largest automaker in 2010...
and is today regarded as a local general importer.
Just eight years after the founding, the company opened an joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
with General Motors. In this joint-venture company, the firm is manufacturing cars, trucks and pickups for the markets of Egypt and the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
. The building of the plant was the part of GM. The staff of the plant comes from the Al-Monsour Automotive. Al-Monsour is the main shareholder and the official owner of the plant, but GM reserves contradictory to the house rights, which is part of a separately negotiated contract. This is only temporary and will be renewed regularly. The joint venture company operates under the name General Motors Egypt S.A.E.
General Motors Egypt
General Motors Egypt S.A.E. 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...
and is located in Cairo
Cairo
Cairo , is the capital of Egypt and the largest city in the Arab world and Africa, and the 16th largest metropolitan area in the world. Nicknamed "The City of a Thousand Minarets" for its preponderance of Islamic architecture, Cairo has long been a centre of the region's political and cultural life...
.
In addition to the Egyptian domestic market, the markets of the United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
, Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
, Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
and the Russian Federation
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
have an important role for the company also. In these countries there are contracts with large companies like McDonald's
McDonald's
McDonald's Corporation is the world's largest chain of hamburger fast food restaurants, serving around 64 million customers daily in 119 countries. Headquartered in the United States, the company began in 1940 as a barbecue restaurant operated by the eponymous Richard and Maurice McDonald; in 1948...
, Caterpillar
Caterpillar Inc.
Caterpillar Inc. , also known as "CAT", designs, manufactures, markets and sells machinery and engines and sells financial products and insurance to customers via a worldwide dealer network. Caterpillar is the world's largest manufacturer of construction and mining equipment, diesel and natural gas...
, Kraft Foods
Kraft Foods
Kraft Foods Inc. is an American confectionery, food and beverage conglomerate. It markets many brands in more than 170 countries. 12 of its brands annually earn more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oscar Mayer, Philadelphia, Trident, Tang...
and several other companies. These firms are supplied by the Al-Monsour Automotive Company with appropriate refrigerated trucks. Only ten percent of the company is owned by the General Motors Company. Al-Monsour employs worldwide more than 11,500 workers.