CBE committee to develop auto industry completes its report

Remember that CBE committee established to draw up an alternative strategy to the automotive directive? It’s backing the automotive directive, recommending that domestic content requirements be hiked to 70%. Sources from the committee tell Al Mal that the cabinet shuffle was behind the delay in issuing the report. The committee had been formed at the urging of detractors of the automotive directive, and includes the senior members of the Egyptian Automotive Manufacturing Association.