Automotive industry in Egypt

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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.

Saudi Arabia’s Waja Company in JV to build manufacturing plant, leading new energy transition.

In October 2023, Egypt was ranked 28th in a global e-mobility index, which reveals the country’s readiness to transition to EVs.

Egyptian Prime Minister Mostafa Madbouly made an inspection tour of various development projects in Port Said and Damietta governorates.

The local automotive sector increasingly needs to strengthen its market presence through localization efforts and expanded production.

Automotive Events

Autotech 17.11.2024

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