Automotive News
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Brake Pads
Cairo: Supply of regular and disc brake pads
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Egyptian Customs Releases 25,000 Cars In Zero-Customs Import Program
This program puts Egypt on the road towards securing a greater amount of foreign currency.
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Egypt releases 25,000 imported cars for expats in zero-customs initiative
A total of 25,000 cars imported to the country by Egyptian expats have been released from the customs department as part of the country’s zero-customs
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Egypt's imports of cars surge by $54.8M in December 2023
During the period from January to September 2023, the total imports of cars in Egypt experienced a decline.
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Egypt plans car manufacturing factory in collaboration with Indian company
The facility will be established in collaboration with Egypt’s state-owned El-Nasr Automotive Manufacturing Co.
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Automotive industry sales increased by 32% in December 2023: AMIC
The report highlighted that sales of various types of vehicles, including private cars, buses, and trucks reached a total of 10,415 vehicles.
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Finance Ministry receives US$850 million from Egyptian expat car initiative: Minister
“We are trying to overcome any obstacles or challenges facing Egyptians abroad participating in this initiative,” the minister concluded.
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Japan’s Yazaki initiates construction of $32.5 mln auto parts factory in Egypt
Japanese car parts supplier Yazaki has announced commencing the construction of its manufacturing facility in Egypt, with an investment of $32.49m.
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Egypt zero-customs car import initiative to generate $2 billion
Egypt's zero-customs car import initiative is projected to generate $2 billion, based on the high demand witnessed in the first and second phases.
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Egypt approves third phase of zero-customs car import initiative
The Egyptian Cabinet has approved the extension of the zero-customs car import initiative for expats for an additional three-month period.
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Egypt’s Raya Auto to locally assemble China’s XPeng EVs within 3 years
Raya Auto will bring XPeng’s P7i, G6, and G9 models to the market during the first half of the year — importing and distributing the cars.
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JV plans USD 100 mn investment to localize the production of Geely cars in Egypt
Auto Mobility will localize the assembly of Geely cars in Egypt,developing points of sales, and exporting to African and Middle Eastern markets.
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Egypt's zero-customs car import initiative sees demand surge
Egypt's zero-customs car import initiative has seen an influx in demand in the first two months of its second phase.
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Egypt’s FriendyM raises $2 million investment
According to the car data that the user registers through the application, "FriendyM" sends notifications to remind you of the car’s maintenance.
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WTC partners with Ghandour Auto to enable online booking, import of cars
Walid El Ghandour mentioned that Egyptians abroad can use this service to buy their cars and send them to Egypt with simple steps.
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Egypt’s Leap into the Future of Sustainable Transportation
Electric vehicles are no longer a distant dream for Egypt, as the nation gears up to launch its first electric car, the Nasr e70.
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Project: Automotive spare parts
Cairo: Supply of automotive spare parts under two contracts
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Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Other investors that participated in the round include Dutch Founders Fund, Aditum Ventures, LoftyInc Capital and other local and global investors.
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KG Mobility unveils Torres in Egypt
The company held a launching event of its mid-sized SUV in Cairo, aiming to expand the African market.
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Global Auto Group sign binding framework agreement to assemble cars in Egypt
Global Auto Group (GAG), the agent and importer for BMW and Mini in Egypt, has signed a binding framework agreement with the Madbouly government.