Automotive News
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Automotive sales jump by 42.2% MoM in July
Passenger cars led the sales increase, rising 50.7 percent from June to approximately 9,700 units, making up 85.5 percent of total sales.
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What's driving high prices of autos in Egypt?
The US dollar's surge against the Egyptian pound, coupled with a shortage of imported vehicles, has fueled the re-emergence of the "over-price".
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The rapid transformation of Egypt’s automotive industry
The automotive industry is transforming rapidly, here's a look at the latest developments, key players, and future plans in Egypt's automotive sector.
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General Motors seeks boosting presence in Egyptian market
GM also expressed its desire to accelerate the implementation of the national Automotive Industry Development Programme (AIDP).
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PM Madbouly probes expanding automotive industry in Egypt with Nissan director
Prime Minister Mostafa Madbouly met with representatives of Nissan Motor Corporation to probe into expanding the automotive industry in Egypt.
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PM advances Egypt's automotive industry with Kasrawy Automotive Group
Kasrawy Automotive Group aims to achieve an annual production target of 5,000 cars with a total investment of $16 million.
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Mansour Automotive plans for expansion in local manufacturing sector in Egypt
The group aims to expand its exports to additional markets, particularly the Gulf Cooperation Council (GCC) countries and Africa.
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Popularity of Chinese-made EVs grows rapidly in Egypt
The Egyptian market is witnessing remarkable growth in the number of electric cars, with many Chinese-made EVs traveling on Egyptian roads.
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Egypt's automotive market to be digitized
Founded by Engineer Amr Allam, Biddex aims to digitize the entire car buying and selling process.
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Egypt considers new incentives to boost local automotive industry
Egypt targets deepening autos local manufacturing by providing incentives to enhance domestic production and attract global companies.
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Volkswagen chooses Egypt over Nigeria for auto assembly plant
The agreement between Volkswagen and Egypt underscored the commitment of the government to bolster its automotive industry.
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Volkswagen Group Africa Signs New Agreement with Egypt To Develop Assembly Lines
Government of Egypt aims to establish a Special Purpose Vehicle (SPV) to construct the buildings for the Body Shop and Assembly Line.
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Auto sales in Egypt decline 14.2% YoY in May
The report also showed that car sales fell by around 2.3% YoY in the first five months of 2024, totaling 29,811 units.
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Egypt’s Automobile Dealers Association anticipates 25% increase in car prices
There are 39,000 cars held at customs, anticipating an increase in car prices and the return of overpricing.
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Egypt, Nissan Agree to Produce 100,000 Cars a Year
The agreement is part of efforts to boost the proportion of locally made auto components in cars assembled in Egypt with a view to exporting.
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Egypt anticipates $2bln revenues from tax-free car import initiative
Moreover, the minister said that over 250,000 import approvals have been issued and more than 35,000 imported cars have been released so far.
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28,000 new cars rolled out to replace old ones
The new cars were assembled in Egypt, as part of government efforts to boost local manufacturing.
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Xpeng makes debut in Egypt marking another milestone in global expansion
Raya Auto, a subsidiary of Raya Holding, has been appointed as Xpeng’s exclusive distributor and partner in Egypt.
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Talaat Moustafa Group, Abou Ghaly Motors partner to offer integrated transport in Madinaty
The official transportation provider for Madinaty residents, will offer services such as the “London Cab” electric vehicle fleet and Sixt car rentals.
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Supply of a crane
Suez: Supply of an 80-ton hydraulic telescopic crane