FEI presents proposal for automotive industry strategy’s principles

The Federation of Egyptian Industries (FEI) is presenting on Tuesday a proposal for a strategy for automotive industries to the Ministry of Industry and Foreign Trade.

The transportation division, on the other hand, formed a committee in cooperation with the Industrial Development Authority (IDA) to place the mechanisms and new investment incentives for the automotive industry.

Samir Allam, member of the board of the transportation division and General Manager of Egyptian British Automotive Manufacturing (EBAM) said the Chamber of Engineering Industries at the FEI will present the proposal to Minister of Industry Mounir Fakhry Abdel Nour. It will present the principles agreed upon by the automotive manufacturers during the meetings held three weeks ago.

Allam added that the transportation division formed a committee with the IDA to discuss the mechanisms for implementing the automotive manufacturing strategy.