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Saad said there is a need to encourage small and large factories alike in order to promote a synergy that could cover the state’s target production volume, calling for grants and manufacturing incentives for companies and investors.
Exchange is good tool to borrow money in high interest rate environment, say experts
Committee includes the Industrial Development Authority and the transport and feeder industries divisions
The committee suggests the abolition of intermediary companies between the investor and the government when obtaining lands, says Khaled Saad
Talking about announcing the new automotive strategy has become like a scam. We have been talking for three years about the government’s strategy for the auto industry; many meetings and seminars were held to discuss its features. Despite the non-existence of an auto industry law in any country, the strategy later turned out to be …
We urged the government to adopt an automotive project in cooperation with international companies, says chairperson of EAFA
Business News held a meeting to prepare for the upcoming automotive summit in December, during which chairperson Mostafa Sakr said the ambiguity of the government’s strategy for the automotive sector is delaying investment decisions in the sector
The law will include an additional tax to offset the decline of customs revenues on imported cars under the European Union, Turkey, and Agadir free trade agreements.
Automotive industry strategy is about to be finalised, according to the Minister of Industry
Dollar shortage, free trade agreements are main challenges for local automotive industries, says GB Auto CEO
Strategy to stimulate efficient environment for automotive industry in Egypt, says Qabil
Ghabour said the Ministry of Trade and Industry had overseen the writing of the strategy, which has been submitted to the cabinet for examination.
Strategy presented to Minister of Finance to study sector’s tax system
By Reuters CAIRO: Egypt’s GB Auto, the top passenger car importer and distributor in the Middle East and North Africa, will reduce reliance on its Egyptian operations and its exposure to a potential currency crisis, the company’s chief executive said. A year of political and economic turmoil since a popular uprising in Egypt sent inward investment …
By Yasmine Saleh and Tom Pfeiffer / Reuters CAIRO: Egyptian vehicle distributor GB Auto reported an 8 percent rise in its fourth-quarter net income on Monday as soaring sales of its two and three-wheeled motorcycles offset a car market weakened by the recent political turmoil. The company said in a statement posted on its website that …