PM: Gov't pays great attention to developing auto industry

CAIRO - 27 June 2022: Prime Minister Moustafa Madbouli asserted the government is paying greater attention to developing and strengthening the auto industry in the country.

 

The premier commended - while chairing a meeting Monday - the launch of the national strategy for developing the domestic auto industry, in which various incentives are included to turn Egypt into a hub for manufacturing cars, especially electric vehicles.

 

A number of ministers and senior state officials attended the meeting.

 

Spokesman for the Cabinet Nader Saad said that Madbouli is following up on ways to ease customs clearance procedures for imported cars around-the-clock with the ministers and bodies concerned.

 

Despite unsuitable, difficult economic circumstances globally, the Egyptian state is keen to achieve a balance between meeting essential needs, especially when it comes to foodstuffs and petroleum products imported from abroad and maintaining the market movement, in addition to making it easy for companies, including those working in the automobile sector, to do business in the country, according to him.

 

The state is very much interested in maintaining the performance of economic activities in the coming period, added the prime minister.