Automotive News
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Egypt considers new incentives to boost local automotive industry
Egypt targets deepening autos local manufacturing by providing incentives to enhance domestic production and attract global companies.
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Volkswagen chooses Egypt over Nigeria for auto assembly plant
The agreement between Volkswagen and Egypt underscored the commitment of the government to bolster its automotive industry.
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Volkswagen Group Africa Signs New Agreement with Egypt To Develop Assembly Lines
Government of Egypt aims to establish a Special Purpose Vehicle (SPV) to construct the buildings for the Body Shop and Assembly Line.
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Auto sales in Egypt decline 14.2% YoY in May
The report also showed that car sales fell by around 2.3% YoY in the first five months of 2024, totaling 29,811 units.
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Egypt’s Automobile Dealers Association anticipates 25% increase in car prices
There are 39,000 cars held at customs, anticipating an increase in car prices and the return of overpricing.
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Egypt, Nissan Agree to Produce 100,000 Cars a Year
The agreement is part of efforts to boost the proportion of locally made auto components in cars assembled in Egypt with a view to exporting.
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Egypt anticipates $2bln revenues from tax-free car import initiative
Moreover, the minister said that over 250,000 import approvals have been issued and more than 35,000 imported cars have been released so far.
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28,000 new cars rolled out to replace old ones
The new cars were assembled in Egypt, as part of government efforts to boost local manufacturing.
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Xpeng makes debut in Egypt marking another milestone in global expansion
Raya Auto, a subsidiary of Raya Holding, has been appointed as Xpeng’s exclusive distributor and partner in Egypt.
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Talaat Moustafa Group, Abou Ghaly Motors partner to offer integrated transport in Madinaty
The official transportation provider for Madinaty residents, will offer services such as the “London Cab” electric vehicle fleet and Sixt car rentals.
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Supply of a crane
Suez: Supply of an 80-ton hydraulic telescopic crane
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Egypt’s electric taxi service hits the roads in new capital
The ‘New Capital Cab’ project was initiated by Egypt’s Ministry of Transport and is owned by affiliated company Super Jet.
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NERIC, Eastern R&E enter new cooperation to boost railway
The main focus of this collaborative effort includes the provision of components for railway vehicles and the manufacturing of freight cars.
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$2bln total value of payment orders of beneficiaries of cars for Egyptian abroad initiative
In a statement on Saturday, Gendy said the initiative was launched in response to requests of the Egyptian expatriates to bring cars from abroad.
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Auto sales in Egypt record 4.2k vehicles sold in March 2024
Only 4.2k vehicles were sold, marking a decrease of 43 percent compared to the previous month.
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Prices of 18 car brands in Egypt drop by up to 23% since currency floatation
This comes after two years of consecutive price increases due to a suspension of imports and a decrease in supply due to foreign currency shortage.
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Waja Company to set-up e-car factory in Egypt
Saudi Arabia’s Waja Company in JV to build manufacturing plant, leading new energy transition.
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Saudi firm WAJA Co. forms joint venture to produce EVs in Egypt
In October 2023, Egypt was ranked 28th in a global e-mobility index, which reveals the country’s readiness to transition to EVs.
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Egypt’s PM inspects ‘Pyramids’ factory for tires, rubber products
Egyptian Prime Minister Mostafa Madbouly made an inspection tour of various development projects in Port Said and Damietta governorates.
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US dollar depreciation sparked 20% drop in car prices in Egypt
The local automotive sector increasingly needs to strengthen its market presence through localization efforts and expanded production.