Latest in Tag: automotive industry Highlight
Latest in Tag: automotive industry

House of Representatives approves establishment of Supreme Council for Automotive Industry
The bill was earlier referred on 5 July to a joint committee of the committees industry, economic affairs, energy and environment, and the plan and budget.

AAAM, Afreximbank sign MoU to boost Africa automotive investment
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have signed a Memorandum of Understanding (MoU) for the financing and promotion of Africa’s automotive industry.

Parliament to discuss automotive industry draft law end-February
Car manufacturers, feeding industries companies invited to attend draft law discussions

Automotive industry achieves economic growth through reducing unemployment
Government targets $5bn to invest in feeding industries, $3bn in exports by 2022

Egypt’s automotive industry faces growing competition: UNCTAD
AfCFTA expected to boost intra-African trade by 33%, says report

Brexit paralyses automotive industry
Loss of easy access to largest market, parts suppliers could stop strong growth of UK automotive industry from 1.92m cars in 1972, down to 1.7m, 2.7m engines last year

Egypt’s automotive industry investments amount to $3bn: trade minister
Egypt’s automotive sector, feeder industries exports amounted to $700m in 2017, says Kabil

Transport Division raises reservations to MERCOSUR for Ministry of Industry this week
According to Vice President of the Transport Division of the Federation of Egyptian Industries (FEI) Samir Allam, the division prepared a memorandum clarifying the impact of the MERCOSUR agreement on the automotive industry. The division will present the memorandum to the Ministry of Industry during the current week. Allam added that the signing and implementation …

Increase of local components in automotive industry will harm production, marketing: Masrouga
The rehabilitation of manpower, research, and development are more important than developing factories

European side did not object to automotive industry strategy: Bayoumi
The agreement allows both parties to impose an internal tax on all types of cars, says Bayoumi

Egypt has a lot of potential in Automotive industry compared to other countries in the region :Matta

Challenges of public transportation, funding solutions top agenda during Egypt Automotive Summit second session
We aim to raise the size of the fleet to 5,000 buses, says PTA

Automotive industry must be focused on as a major industry supporting national economy: GB Ghabbour Auto Board of Directors chairperson
Pound’s flotation was necessary, automotive strategy will fix Egypt’s customs issues, said Raouf Ghabbour

Automotive industry strategy heads into next phase
The strategy requires manufacturers to submit documents showing the data of cars and their selling prices to consumers

Third Egypt Automotive Summit to discuss automotive industry strategy on 13 December
International companies to sign supply contracts with feeding industries during the summit’s latest round

Automotive industry enhancement draft law to be presented to cabinet Wednesday
The strategy aims to enhance the local automotive industry through a specific timetable, to raise the ratio of domestically manufactured components from 45% to 60%.

To the dismay of many, devaluation of Egyptian pound gives way to price increases
The Central Bank of Egypt’s March decision to devaluate the Egyptian pound against the US dollar has caused prices to increase across the board, which includes staples such as tea, rice and cigarettes

Egypt is capable of manufacturing automotives: Minister of Industry
Egypt seeks to develop an integrated incentive system to encourage global-producing companies to manufacture their products in Egypt, says Qabil

“Million Car” project to save country $5bn annually: EAFA Chairman
The project aims to solve the problems of the automotive industry, unemployment, the import and export problem of the auto feeding industries

Review of indicative car prices law
Decisions are new beginning for re-structuring customs as a whole, says ECA

Wamco Motors acquires two ‘market-changing’ car franchises: CEO
Company will offer “Oley” and 2014 models of “Vita 2” and “Dream” in Automac-Formula exhibition in March