Joint venture between Arab Organization for Industrialization and Waja Group to manufacture and sell EVs in Egypt

Mon, 22 Apr 2024 - 01:45 GMT

This partnership underscores AOI's ongoing efforts to bolster ties with fellow Arab nations, aligning with its vision to attract investments and boost export rates, in alignment with Egypt's Vision 2030

Egypt's imports of cars surge by $54.8M in December 2023

Wed, 13 Mar 2024 - 01:41 GMT

Egypt's imports of passenger cars amounted to $223.4 million in November 2023, exhibiting a growth compared to $107.3 million in the same month of 2022, with an increase of $116.9 million

African Automotive Forum kicks off during 3rd day of IATF2023

Sat, 11 Nov 2023 - 10:04 GMT

The forum is scheduled for two days, on November 11 and 12.

Egypt, African Association for Automotive Manufacturers sign MoU on technical support for AIDP

Mon, 05 Jun 2023 - 01:54 GMT

Prime Minister Mostafa Madbouli attended Sunday evening the signing of an MoU between the automotive unit at the Ministry of Trade and Industry, and the African Association for Automotive Manufacturers (AAAM).

GAFI chairman meets with representatives of Sumitomo Corporation Group

Tue, 11 Apr 2023 - 04:12 GMT

Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba met Tuesday the representatives of Sumitomo Corporation Group.

ATM Misr, King Long launch bus factory in Egypt at LE1B

Tue, 28 Feb 2023 - 06:21 GMT

The factory spans over 164,000 feddans.

France's Stellantis plans to build electric car factory in Egypt

Wed, 18 May 2022 - 12:58 GMT

This is the company that owns the brands of Peugeot, Citroen and Chrysler among others.

Topics to be discussed at 6th edition of 'Egypt Can' conference unveiled

Sun, 15 May 2022 - 02:22 GMT

The conference will be held on May 30-31, and have as theme "By Industry."

General Motors submits plan to offer electric car in Egypt in 2022

Tue, 21 Dec 2021 - 10:37 GMT

Prime Minister Mostafa Madbouli checked Monday evening the model of the electric car.

UNCTAD showcases potential of African Continental Free Trade Agreement

Sun, 19 Dec 2021 - 07:25 GMT

Although the free trade part entails removing tariffs, that is not all.

Egyptian prime minister examines localizing automotive manufacturing with General Motors, Mansour Group

Wed, 01 Dec 2021 - 01:22 GMT

Prime Minister Mostafa Madbouli examined Tuesday ways of localizing automotive manufacturing in Egypt with the CEOs of General Motors and Mansour Group.

Egypt's Suez Canal economic zone to house 6 ports, 4 industrial complexes

Thu, 19 Aug 2021 - 01:45 GMT

Zakaria underlined that some of the industrial zones Egypt is establishing near seaports are aimed at localizing certain industries.

Automotive prices decline in beginning of 2020

Sun, 26 Jan 2020 - 03:20 GMT

Abul Majd indicated that the prices of some types decreased by 3 percent.

Egypt, Germany discuss joint production of automotive components

Wed, 13 Nov 2019 - 01:33 GMT

The industry minister stressed the ministry's keenness to provide all means of support for existing and new German investments in the Egyptian market.

Industry Min.cancels local component manufacturing ratio in cars

Mon, 17 Jun 2019 - 04:07 GMT

Under the new resolution, the local component manufacturing ratio in the automotive industry, set at 46 percent, will be abolished mid-year.

Return of Mercedes

Sun, 17 Feb 2019 - 03:51 GMT

Egypt is one step closer to becoming the regional industrial hub.

Egypt allows imports of used electric cars

Sat, 31 Mar 2018 - 11:20 GMT

Trade Minister Tarek Kabil issued a decision that allows the imports of used electric cars, on condition that they are no more than three years old.

Egyptian delegation visits Germany for automotive sector

Mon, 13 Nov 2017 - 09:58 GMT

A number of 10 companies are taking part in the mission, the Engineering Export Council said.

Nissan's October passenger car sales in Japan likely halved amid scandal

Tue, 31 Oct 2017 - 09:13 GMT

Nissan Motor Co (7201.T) said Japan sales of new passenger vehicles probably fell by half in October from a year ago.

Egypt aspires to lure $5B investments in car industry

Thu, 07 Sep 2017 - 01:06 GMT

The current value of investments in the car sector is $3 billion, represented in 100 companies that employ 86,000 workers.