PM Calls for Efforts to Promote Automotive Industry

On Monday, Prime Minister Moustafa Madbouli stressed Egypt's keenness to promote the automotive industry as one of the strategic industries in the national economy in order to meet the needs of the domestic market and export to regional and international markets.

He also called for more collective efforts to develop this vital sector, noting that the government will provide more facilities and incentives that would contribute to boosting this industry.

He made his remarks after attending the signing ceremony of a memorandum of understanding (MoU) between the automotive industry unit at the Ministry of Trade and Industry and the African Association of Automotive Manufacturers (AAAM) on offering technical support from the AAAM to implement Egyptian Automotive Industry Development Program (AIDP).

The MoU was signed by the head of the automotive industry unit Gomaa Mohamed Madany and the CEO of the AAAM David Coffey.

Under the MoU, the AAAM will present technical support to the Egyptian automotive industry unit within the framework of implementing the AIDP to reach the targeted goals.