Egypt forms working group to review automotive development program

Egypt’s ministers of industry, investment and foreign trade, and finance have stressed the importance of strengthening government efforts to localize and deepen the automotive industry in Egypt.

The sector is viewed as a strategic pillar supporting the national economy and boosting employment, in line with the implementation of the National Automotive Industry Development Program and the expansion of partnerships with both local and foreign private sector players.

The remarks came during an expanded meeting held by Khaled Hashem, Minister of Industry, Mohamed Farid, Minister of Investment and Foreign Trade, and Ahmed Kouchouk, Minister of Finance, with members of the Supreme Council for the Automotive Industry and the Automotive Industry Unit.

The meeting aimed to review the program’s implementation status and discuss ways to create a more attractive business environment for manufacturers.

The Minister of Industry announced that a working group will be formed, including members of the Automotive Industry Unit from the ministries of industry, investment and foreign trade, finance, and transport, alongside representatives from the Supreme Council for the Automotive Industry.