Egypt - Auto in China

BAIC Partners with Alkan Auto to Establish Electric Vehicle Factory in Egypt
2024-11-04 News / Egypt
China's BAIC has entered a strategic partnership with Egypt's Alkan Auto, a subsidiary of Egyptian International Motors, to set up an electric vehicle (EV) factory in Egypt. The agreement was signed by BAIC Vice President Zhao Bingfei and Alkan Auto Chairperson Khaled Nosseir. Key attendees included Kamel El-Wazir, Egypt’s Deputy…
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Egypt’s Presidential Initiative: A Move to Replace Obsolete Vehicles
2023-07-26 Egypt / Local News / News
Minister of Finance, Mohamed Maait, revealed that the state's general treasury has allocated EGP 675 million for a green incentive program supporting the purchase of 27,225 new natural gas-powered vehicles. As part of the presidential initiative to eliminate obsolete vehicles and promote environmental sustainability, citizens can now request to replace…
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2023 Policy in Egypt: Over 42,000 Applications Received for Tax-Free Car Import Initiative Aimed at Expats
2023-07-22 Egypt / Local News / Trade News
Minister of Finance Mohamed Maait revealed that a remarkable 42,000 applications have been submitted for the tax-free car import initiative designed for expats. So far, the initiative has resulted in the issuance of 2,900 car import approvals, each valid for one year from the issuance date. The payment orders issued…
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Egypt-Japan Partnership: Advancing Localization of the Automotive Industry
2023-07-22 Egypt / Local News / News
On May 2nd, the General Authority for Investment and Free Zones (GAFI) announced Egypt's intention to collaborate with Japan in localizing its automotive industry. Emphasizing Japan's pivotal role in achieving sustainable development and knowledge exchange, GAFI CEO Hossam Heiba highlighted the country's commitment to attracting new Japanese investments. To foster…
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Simplified Car Importation for Egyptians Abroad: Exploring the Tax-Free Initiative
2023-07-22 Egypt / Local News / News
[caption id="attachment_4165" align="aligncenter" width="1254"] Simplified Car Importation for Egyptians Abroad[/caption] For years, Egyptians living abroad have faced challenges in importing their vehicles to Egypt, dealing with customs, taxes, and various complications. However, in October 2022, the Egyptian cabinet introduced a game-changing initiative - tax-free car imports, making it easier for…
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