The Egyptian car sales market is growing, as consumers are adjusting to the increase in prices that followed the currency flotation in November 2016.
The automotive industry forms one of the pillars of industrial development in Egypt where it is one of the largest assembling industries that depend on a wide range of industries and various feeding industrials that belong to all the various types of industrial activities.
The government’s goal is to increase automotive feeding industry investments by $5 billion and generate $3 billion in exports by 2022. To achieve these aims, government responded in November 2016 by introducing the first draft of the automotive directive.
The automotive industry forms one of the pillars of industrial development in Egypt where it is one of the largest assembling industries that depend on a wide range of industries and various feeding industrials that belong to all the various types of industrial activities.
The government’s goal is to increase automotive feeding industry investments by $5 billion and generate $3 billion in exports by 2022. To achieve these aims, government responded in November 2016 by introducing the first draft of the automotive directive.
