
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
The strategy requires manufacturers to submit documents showing the data of cars and their selling prices to consumers
The future of Egypt’s automotive industry is now at the mercy of the national currency’s flotation and is subject to importers’ provision of foreign currency, Hassan Soliman, head of the Egyptian Automobile Manufacturers Association (EAMA), said following the Central Bank of Egypt’s (CBE) decision to float the Egyptian pound. Soliman explained that the auto industry …