The Egyptian Cabinet approved a new automotive production incentive program as part of the National Strategy for the Automotive Industry

BIDDEX, the first fully integrated digital platform for buying, selling, and trading cars in Egypt, will be launched within the coming days in the market.

Geely Auto Group is inaugurating a car manufacturing factory in Egypt, in partnership with Auto Mobility.

Prime Minister Mostafa Madbouly announced a new $135 million partnership between Al-Mansour Automotive Group and China’s SAIC Motor to establish a car manufacturing plant in Egypt.

Automotive sales in Egypt surged by 15.8% year on year (YoY) in the first eight months of 2024 to 59,300 vehicles, compared to 51,100 vehicles.

Prime Minister Mostafa Madbouly held a meeting with officials from Stellantis Automotive Group to discuss the company’s future expansion plans in Egypt.

Egyptian International Motors (EIM Group) is set to pump investments worth $100 million into car manufacturing, marketing, and exporting.

Mansour Automotive, the official General Motors (GM) dealer in Egypt, is planning to inject over $100 million in new investments into the Egyptian market over the next four years.

Great Wall Motors is set to introduce a car model tailored for the Egyptian market, creating around 4,000 jobs.

General Motors Egypt is planning to export some locally manufactured vehicles to the North African markets, the company’s Chairman Sharon Nishi said.

Toyota Egypt Group (TEG) is making big strides in the Egyptian automotive sector by winning the Global Skill Award from Al-Futtaim Group.

The Egyptian automotive industry has been facing challenges, including plummeting sales, fluctuating prices, and evolving customer preferences. These challenges have put the market in a state of flux. Yet, cautious optimism surrounds the automotive market’s future growth trajectory as the exchange rate stabilizes.

State-run El-Nasr Automotive Manufacturing Company, in collaboration with private Egyptian partner and another Chinese one, will establish a new company specialized in the automotive industry, the spokesman of the Ministry of Public Business Sector Mansour Abdel Ghani told Arab Finance.