Madbouly launches today the strategy to develop the auto industry

Madbouly launches today the strategy to develop the auto industry

6/14/2022

Today, Prime Minister Dr. Mostafa Madbouly is visiting the East Port Said Economic Zone, to launch the auto industry development strategy.


The strategy aims to localize the automobile industry and develop its feeding industries. The strategy will include incentives to localize the electric car industry and the auto-feeding industries within the framework of the Egyptian Automotive Industry Development Program (AIDP), which falls within the broader automobile strategy. The new program aims to maintain and develop existing assembly and manufacturing capabilities and encourage new investments in this sector.

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