Automotive News
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$2bln total value of payment orders of beneficiaries of cars for Egyptian abroad initiative
In a statement on Saturday, Gendy said the initiative was launched in response to requests of the Egyptian expatriates to bring cars from abroad.
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Auto sales in Egypt record 4.2k vehicles sold in March 2024
Only 4.2k vehicles were sold, marking a decrease of 43 percent compared to the previous month.
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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.
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Waja Company to set-up e-car factory in Egypt
Saudi Arabia’s Waja Company in JV to build manufacturing plant, leading new energy transition.
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Saudi firm WAJA Co. forms joint venture to produce EVs in Egypt
In October 2023, Egypt was ranked 28th in a global e-mobility index, which reveals the country’s readiness to transition to EVs.
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Egypt’s PM inspects ‘Pyramids’ factory for tires, rubber products
Egyptian Prime Minister Mostafa Madbouly made an inspection tour of various development projects in Port Said and Damietta governorates.
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US dollar depreciation sparked 20% drop in car prices in Egypt
The local automotive sector increasingly needs to strengthen its market presence through localization efforts and expanded production.
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Egypt's sold cars hits 7,400 unit in February 2024
This recovery follows a period of decline in January, which marked the lowest point in the past 10 months.
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Brake Pads
Cairo: Supply of regular and disc brake pads
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Egyptian Customs Releases 25,000 Cars In Zero-Customs Import Program
This program puts Egypt on the road towards securing a greater amount of foreign currency.
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Egypt releases 25,000 imported cars for expats in zero-customs initiative
A total of 25,000 cars imported to the country by Egyptian expats have been released from the customs department as part of the country’s zero-customs
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Egypt's imports of cars surge by $54.8M in December 2023
During the period from January to September 2023, the total imports of cars in Egypt experienced a decline.
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Egypt plans car manufacturing factory in collaboration with Indian company
The facility will be established in collaboration with Egypt’s state-owned El-Nasr Automotive Manufacturing Co.
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Automotive industry sales increased by 32% in December 2023: AMIC
The report highlighted that sales of various types of vehicles, including private cars, buses, and trucks reached a total of 10,415 vehicles.
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Finance Ministry receives US$850 million from Egyptian expat car initiative: Minister
“We are trying to overcome any obstacles or challenges facing Egyptians abroad participating in this initiative,” the minister concluded.
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Japan’s Yazaki initiates construction of $32.5 mln auto parts factory in Egypt
Japanese car parts supplier Yazaki has announced commencing the construction of its manufacturing facility in Egypt, with an investment of $32.49m.
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Egypt zero-customs car import initiative to generate $2 billion
Egypt's zero-customs car import initiative is projected to generate $2 billion, based on the high demand witnessed in the first and second phases.
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Egypt approves third phase of zero-customs car import initiative
The Egyptian Cabinet has approved the extension of the zero-customs car import initiative for expats for an additional three-month period.
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Egypt’s Raya Auto to locally assemble China’s XPeng EVs within 3 years
Raya Auto will bring XPeng’s P7i, G6, and G9 models to the market during the first half of the year — importing and distributing the cars.
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JV plans USD 100 mn investment to localize the production of Geely cars in Egypt
Auto Mobility will localize the assembly of Geely cars in Egypt,developing points of sales, and exporting to African and Middle Eastern markets.