History

Our History

Who is Aboul fotouh Group?

Established in 1978 Aboul Fotouh Group transformed into one of the largest industrial conglomerates in the MENA region (Aboul Fotouh has a positive reputational history of assembling Egypt’s leading car models. We have experience in the assembly of 6 brands, and our factory can assemble up to 7 models per line simultaneously.)
Aboul Fotouh Automotive (“AFA”) was established in 1978 as the sole agent for BMW cars, motorcycles, and spare parts positioning BMW as the luxurious car of choice in the local market.
Throughout the years the Company managed to establish and boost its rapport with customers by creating a sense of partnership, developing a high degree of brand loyalty and building a top reputation in the automotive market.
From 1997 - 2023, the company sold more than 248,360 units and assembled more than 286,000 units.

Aboul Fotouh Automotive (“AFA”) was established in 1978 as the sole agent for BMW cars, motorcycles, and spare parts positioning BMW as the luxurious car of choice in the local market.

Aboul Fotouh Automotive (“AFA”) was established in 1978 as the sole agent for BMW cars, motorcycles, and spare parts positioning BMW as the luxurious car of choice in the local market.
1978

AFA acquired BMW license for Egypt

AFA acquired BMW license for Egypt
1978

AFA acquired Bombardier recreational product and vehicles franchise in Egypt

AFA acquired Bombardier recreational product and vehicles franchise in Egypt
1992

In 1994 the Company expanded into another passenger car segment by acquiring the Daewoo franchise in Egypt.

In 1994 the Company expanded into another passenger car segment by acquiring the Daewoo franchise in Egypt.
1994

By 1995 (the first available market statistic), BMW's share stood at 3.2% vs 2.9% for Mercedes Benz. AFA managed to maintain BMW's market share head-to-head with M.B. until 2002. AFA created for itself a top brand name in the automotive market.

By 1995 (the first available market statistic), BMW's share stood at 3.2% vs 2.9% for Mercedes Benz. AFA managed to maintain BMW's market share head-to-head with M.B. until 2002. AFA created for itself a top brand name in the automotive market.
1995

Produced the first locally assembled BMW on a rented assembly line

Produced the first locally assembled BMW on a rented assembly line
1997

AFA produced the first locally assembled Daewoo in owned plant

AFA produced the first locally assembled Daewoo in owned plant
1998

The first BMW was assembled in AFA owned Plant

The first BMW was assembled in AFA owned Plant
1999

The introduction of the Daewoo brand to the Egyptian market was a great success despite Korean cars not being popular in the local market then, where it captured a 39% market share in 2001

The introduction of the Daewoo brand to the Egyptian market was a great success despite Korean cars not being popular in the local market then, where it captured a 39% market share in 2001
2001

In 2002, the Group established an in-depth review of all business portfolios.

In 2002, the Group established an in-depth review of all business portfolios.
2002

The first Chery (Speranza) range came out of the production line

The first Chery (Speranza) range came out of the production line
2006

Daewoo maintained a market share in the 20s in the following years until GM International took over Daewoo and gradually limited the supply of CKD until AFA delivered the jigs and fixtures to GM Egypt in 2008. Before the introduction of Chery (Speranza) the Egyptian consumer was wary of Chinese brands. However, the launch of Chery (Speranza) saw a remarkable waiting list solely due to the consumer's trust in the AF name in the industry.

Daewoo maintained a market share in the 20s in the following years until GM International took over Daewoo and gradually limited the supply of CKD until AFA delivered the jigs and fixtures to GM Egypt in 2008. Before the introduction of Chery (Speranza) the Egyptian consumer was wary of Chinese brands. However, the launch of Chery (Speranza) saw a remarkable waiting list solely due to the consumer's trust in the AF name in the industry.
2008

Sold 82,000 of Chery (Speranza) since 2006 exceeding expectations to become the #1 Chinese brand in the local market, which captured 7.9% of the market share by 2009.

Sold 82,000 of Chery (Speranza) since 2006 exceeding expectations to become the #1 Chinese brand in the local market, which captured 7.9% of the market share by 2009.
2009

Following the facelift in April 2016, Chery (Speranza) held a leading market share with an expected volume of 11,000 units in that year.

Following the facelift in April 2016, Chery (Speranza) held a leading market share with an expected volume of 11,000 units in that year.
2016