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Egypt auto industry grows 50% in Q1
The Minister of Planning and Economic Development confirmed that the automotive industry in Egypt experienced a significant increase of 50% during the first quarter of 2025/2026. This statement was made during his participation in the "African Automotive Investment Forum," where he explained that this growth reflects the success of structural reforms that have supported the industrial renaissance, contributed to enhancing export capabilities, and met the demands of the local market. Additionally, Egypt recorded a remarkable growth in gross domestic product (GDP) of 5.1% in the fiscal year 2025/2026, compared to 4.4% in the previous year. This positive performance was driven by strong performances in the industrial, telecommunications, and trade sectors, which together contributed approximately 48% to economic growth. The government is also working on updating legislation and improving the business environment to position Egypt as a regional hub for the automotive industry and export center in Africa.
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