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New industry minister revives hopes for automotive sector

The ambitions and hopes of the automotive sector were renewed after Amr Nassar became the new minister of trade and industry earlier this month. Nassar is the first industry minister to have a background and history in the automotive sector, as he previously served as an executive consultant for MCV Group. The demands and ambitions …

Mohamed Al-Roubi

Egypt Automotive stirs competition among auto companies again

The second Ramadan football championship for the automotive sector, Shell Egypt Automotive, kicked off on Wednesday 23 May (7 Ramadan). The competition is held between automotive companies in Maadi over 13 days until 5 June (20 Ramadan), when the final game is set to be played. The championship includes 20 teams: Ford, SsangYong Motor, Subaru, …

Daily News Egypt

Local automotive manufacturing committee will soon begin functions

The Ministry of Trade and Industry announced days ago the members of the local automotive manufacturing committee, chaired by Hossam Khattab, the minister’s deputy for industry affairs. Members also include Ahmed Abdel Razik, head of the Industrial Development Authority; Alaa Salah El Din, head of the central administration of local manufacturing at the IDA; and …

Mohamed Al-Roubi

Auto market awaits launch of 4th Egypt Automotive

As the fourth annual summit of the Egypt Automotive Conference approaches next December, a number of auto industry figures have set high hopes for the upcoming summit amid a sharp drop in sales. The experts demanded that all the challenges faced by the sector be exposed to a sharp drop in sales volume, stop pumping …

Ahmed Amer

Puzzled Alfa Romeo 

The future of the Italian Alfa Romeo sparked controversy among employees and investors in the car market over the past two weeks amid reports that the Abou Ghali Group won the agency of the company. It caused a stir in the market, since the company has an office in Egypt of Fiat Chrysler Automobile (FCA). …

Mohamed Aboul-Fotouh

Automotive companies offer no price cuts in Ramadan

For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …

Ahmed Amer