24 Hrs
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Industry Minister on automotive growth
The article discusses the efforts of the Egyptian Ministry of Industry to strengthen the automotive manufacturing sector, particularly the upstream industries, through an expanded meeting with company owners and representatives of related sectors. The focus was on supporting and developing the industry to increase local production and expand exports, while addressing the challenges faced by manufacturers, such as high testing costs, the lack of locally accredited laboratories, and streamlining licensing procedures and customs clearance. The minister also highlighted opportunities for collaboration with international companies to enhance local production and produce Egyptian-made products that are competitive in international markets, especially Europe, by improving specifications, quality, and simplifying processes. The ministry aims to overcome obstacles and encourage partnerships to achieve comprehensive and sustainable growth in the local automotive industry.
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