Automotive Industry

Automotive industry sales increased by 32% in December 2023: AMIC

Tue, 06 Feb 2024 - 01:58 GMT

The report highlighted that sales of various types of vehicles, including private cars, buses, and trucks reached a total of 10,415 vehicles.

Egypt to strengthen local automotive manufacturing in new agreement with Global Auto

Thu, 16 Nov 2023 - 02:51 GMT

Madbouly emphasized that the agreement signifies Egypt's commitment to developing the automobile industry

Volkswagen, Egypt partner to establish a $240M complex in East Port Said’s Automotive Zone

Mon, 13 Nov 2023 - 04:46 GMT

The EPAZ project is set to attract investments totaling approximately $240 million and create over 6,000 direct and indirect job opportunities

Government support crucial for global reach in automotive industry: AAAM Vice President

Sat, 11 Nov 2023 - 12:01 GMT

“This is a journey, and it is an objective,” Vice President of the African Association of Automobile Manufacturers (AAAM).

Egypt extends expat car import initiative for additional 3 months

Tue, 17 Oct 2023 - 02:14 GMT

Under the program, expats can import cars without paying any taxes, with one condition: they must deposit an equivalent amount in a five-year foreign currency certificate of deposit.

AMIC reveals automotive sales to be on the rise, climbing 43% MoM in May

Tue, 04 Jul 2023 - 04:31 GMT

May 2023’s sales numbers reached 7.3 thousand, according to the latest data from the Automotive Marketing Information Council (AMIC)

Egypt’s automotive sales fell by 69% y-o-y in April, passenger car sales down by 70%

Tue, 30 May 2023 - 10:56 GMT

The AMIC attributed the downtrend to the continued impact of the foreign currency shortage

Automotive sales continue to fall YoY but sees slight recovery in March

Tue, 02 May 2023 - 11:29 GMT

Personal vehicle, or passenger car, sales declined 76 percent YoY to 4.6 thousand, however sales climbed 9 percent on a monthly basis from February. This could indicate a slow recovery for the industry

Egypt signs 3 binding agreements to pump $145M investments in automotive sector

Wed, 22 Feb 2023 - 06:49 GMT

He explained that the three companies (Nissan, General Motors and the French Stellantis Group) will pump investments that exceed $145 million over the next three years, and they will deliver an average of 60 to 70 thousand cars annually.

Gov't interested in car manufacturing, not just assembly: SCZone chief

Sun, 11 Dec 2022 - 04:00 GMT

The government is interested in car manufacturing, not just car assembly, adding that the car industry is among the sectors targeted for local entrenchment under the SCZone 2020/2025 plan.

PM says govt seeking to settle automotive industry in Egypt

Wed, 01 Dec 2021 - 03:46 GMT

This strategy is also meant to settle auto feeding industries and make best use of advanced technologies, the premier said, noting that this should help attract more investments to that important and vital sector.