Mohamed Ahmed

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State, manufacturers appeal to activate auto industry strategy

Two of the main issues addressed during Wednesday’s session of the second Egypt Automotive Summit were the inadequacy of the new automotive industry strategy and the need for major infrastructure investments. This was during the second discussion panel held in the summit, entitled “The automotive industry strategy and feeder industries”. The panel moderator, Amr Nassar, …

Mohamed Ahmed

GB Auto investments suspended due to dollar shortage: Ghabbour  

GB Auto’s new investments are suspended due to the dollar shortage, CEO of GB Auto Raouf Ghabbour said Tuesday at the Egypt Automotive summit. He told Daily News Egypt they have been communicating with Indian Bajaj Auto, the technical partner for the group in the motorcycle factory, regarding the local component ratio. Those plans however …

Mohamed Ahmed

How will the government acquire financing sources for national projects?

The presidency announced several times that it supports the implementation of billion-pound national mega projects whether in the infrastructure sector, logistic services sector, or land reclamation. However, financing mechanisms remain a matter of controversy in governmental projects. A prominent example is the amendment of the government’s plan for land reclamation, decreasing the targeted area of …

Mohamed Ahmed

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