Automotive News
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100,000 Egyptian expats register for zero-customs car import initiative: Maait
Egyptians living abroad or their families can conveniently apply for the zero-customs initiative through Android and IOS platforms.
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Passenger car sales in Egypt drop 61% YoY in 9 months; rise 15% in September
Passenger car sales in Egypt dropped 61 percent year-on-year (YoY) to 45,917 during the first nine months of 2023 while increasing 15 percent YoY.
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Egypt issues regulations for zero-customs car import initiative for expats
Egypt’s Ministry of Finance has issued regulations for the zero-customs car import initiative relaunched on Monday in order to expedite approvals.
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Egypt relaunches zero-customs car import initiative for expats
Egypt relaunched the zero-customs car import initiative for expats for three months, according to a Cabinet statement on Monday.
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Egypt extends expat car import initiative for additional 3 months
Egypt's House of Representatives extends the expat car import initiative for 3 more months. Expats can import cars tax-free by depositing an equivalent amount in a five-year foreign currency certificate of deposit.
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Localizing the Electric Car Industry fits Egypt's Vision to Lower Import Expenditures: Official Statement
This comes within the framework of the directives of President Abdel Fattah Al-Sisi, to localize the industry locally.
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10 facts about the current state of the automotive industry in Egypt
The automotive industry and market in Egypt witnessed several challenges amid global and local crises and market fluctuations.
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Egypt’s bold step towards electric vehicles
The Egyptian Cabinet granted a golden license to EgyptSat Auto, a private local auto manufacturer, to establish and operate a factory for EVs.
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Egypt to establish tyre factory with 1 bln euro investment -cabinet
Egypt is set to establish a tyre factory in the Suez Canal Economic Zone with an investment worth of 1 billion euros, according to a cabinet statement.
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Egypt Grants Golden License for Electric Vehicles & Gas Expansion Projects
This expansion will span about 33 acres within the Renaissance Industrial Zone in Al-Amiriya, Alexandria Governorate.
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Used Car Market Skyrockets in Egypt Amidst Growing Prices of New Ones
Due to the alarmingly high prices of new cars in Egypt, the used car market is experiencing a rapid boom. A combination of economic challenges has led to this change.
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Egypt to relaunch zero-customs car import initiative for expats
The Egyptian Cabinet issued a draft law to relaunch the zero-customs car import initiative for expats for three months.
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Egypt to provide incentives to localize automotive industry
Prime Minister Mostafa Madbouly announced on Thursday that the state is ready to provide a package of incentives to encourage the localization.
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Top 10 of Egypt's automotive industry
Egypt's automotive industry has been developing for 50 years and is now the second-largest market in Africa and the 42nd largest in the world.
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Al Amal to temporarily shutter BYD assembly plant in Egypt on FX shortage
Al Amal Auto will temporarily suspend operations at its BYD assembly plant within weeks.
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Project: Car batteries
Giza: Supply of batteries of different sizes
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A new specialized manufacturing zone in East Port Said designed to develop Egypt’s automotive industry
The East Port Said Automotive Zone (EPAZ) is one such hub that is designed to attract global automobile manufacturers.
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Indus Motor Company Signs Agreement with Toyota Egypt
In line with this development, Toyota IMC recently dispatched its first shipment to Toyota Egypt in July.
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AMIC reveals automotive sales to be on the rise, climbing 43% MoM in May
May 2023’s sales numbers reached 7.3 thousand, according to the latest data from the Automotive Marketing Information Council (AMIC).
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Indian auto, plastics firms meet with SCZone boss Gamal El Din in Mumbai
Indian energy, industrial, and construction companies last week expressed interest in setting up projects here during meetings with SCZone.