Presidential initiative to replace obsolete vehicles: Egypt

Minister of Finance Mohamed Maait said that the state’s general treasury bore EGP 675m as the value of the green incentive for 27,225 new natural gas-powered vehicles. Citizens can request to have their old vehicles replaced and scrapped according to environmental requirements, as part of the presidential initiative to eliminate obsolete vehicles.

Maait said on Monday that the government is proceeding with the gradual expansion of that initiative in all of Egypt’s governorates, according to the availability of the required infrastructure for cars that run on natural gas. This initiative is another step to enhance green transformation efforts. The Egyptian government called on the business community and manufacturers to present their smart products and solutions to help with the process of developing vehicle manufacturing technology.

In coordination with the Federation of Egyptian Industries, invitations were sent out to members of the Automotive Division of the General Federation of Chambers of Commerce; to participate in the development of the environmentally friendly automobile industry, its components and the necessary infrastructure for its operation. Proposals and offers can be received via email.