Why did the new government turn its back on Tarek Kabil’s Automotive Directive? The government’s decision to scrap — or at least significantly modify — the Automotive Directive drafted and promoted by former Trade and Industry Minister Tarek Kabil has Al Masry Al Youm’s Hany Labib scratching his head. Labib takes note of our exclusive report from last week that the government is looking to replace the Automotive Directive with a policy of setting up special auto freezones offering tax and customs breaks to assemblers. He wonders aloud why current Minister Amr Nassar decided to draft his own policy from scratch — and why some incoming ministers feel that their success rides on erasing their predecessors’ legacy.
More from Enterprise
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA issues model short-selling contract, with launch weeks away
Contract wording is settled; the launch now waits on the…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…