Mohamed Aboul-Fotouh

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Latest by Mohamed Aboul-Fotouh

Opinion: car manufacturing strategy and personal interests

Over the past few weeks, the future of the Egyptian car manufacturing strategy, or in other words the “car law,” has returned to be amongst the hot topics after the crisis that occurred to this project during Angela Merkel’s visit. She announced her dissatisfaction of the project, which was accompanied by a letter from the …

Mohamed Aboul-Fotouh

 When does the scam come to light?

Talking about announcing the new automotive strategy has become like a scam. We have been talking for three years about the government’s strategy for the auto industry; many meetings and seminars were held to discuss its features. Despite the non-existence of an auto industry law in any country, the strategy later turned out to be …

Mohamed Aboul-Fotouh

Shafik Gabr: star of the Czech embassy national day party

Businessman Shafik Gabr, the owner of Škoda’s agent in Egypt, was named the star of the Czech embassy national day party last week, without competition. First, I was surprised that the annual party invitation was sent by the businessman’s office, especially given that Artoc, owned by Gabr, used to be the official sponsor of that …

Mohamed Aboul-Fotouh

The Mercedes story

This week has been full of contradictory talk around rumours that Mercedes-Benz Egypt is looking to exit the local market, what the dealership’s stance is on the matter, and whether it will choose to actually exit the market. Mercedes’ position is as it always has been. There have been assurances that Arab investors have already agreed …

Mohamed Aboul-Fotouh

The automotive sector’s shaky road

The Egyptian automotive market can be described in three terms: “suffered, suffering and will suffer”. All the associated parties in the automotive market, including manufacturers, agents and dealers, are familiar with this situation. Those words reflect the internal state of fear, anxiety and confusion that hovers on the horizon. Nobody knows what awaits tomorrow. None …

Mohamed Aboul-Fotouh

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