
Luxor, Aswan added to list of beneficiaries of Vehicle Replacement Initiative: Finance Minister
The Public Treasury paid out EGP 405m for 17,900 new cars allocated to citizens who completed their procedures on the website
The Public Treasury paid out EGP 405m for 17,900 new cars allocated to citizens who completed their procedures on the website
The state’s public treasury bore EGP 314m for over 14,700 new cars: Maait
Online registration is open for car models from 2002 or older
Egypt’s Minister of Finance Mohamed Maait has revealed that the government has injected about EGP 115m in the obsolete vehicle replacement initiative until the end of August. The finance acts as a green incentive for the replaced car owners. The allocated finance for the first phase of the initiative was estimated at EGP 7.1bn over …
EGP 2.1bn has been allocated in 2021/22 budget towards financing first phase of vehicle replacement initiative
New steps aim to reduce time required for issuing final approval for new vehicle financing