Automotive News
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Egypt’s electric taxi service hits the roads in new capital
The ‘New Capital Cab’ project was initiated by Egypt’s Ministry of Transport and is owned by affiliated company Super Jet.
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NERIC, Eastern R&E enter new cooperation to boost railway
The main focus of this collaborative effort includes the provision of components for railway vehicles and the manufacturing of freight cars.
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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.