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Stellantis to restart assembling new Jeep model locally
The company called the move a “vote of confidence” in Egypt’s infrastructure
Egypt to lag behind North African peers in vehicle production over next decade, but production growth in 2024 remains strong
BMI expects Egypt to produce 37k vehicles in 2024
Auto distributors push for more locally-assembled vehicles to make up for import restrictions. PLUS: Somabay + Redcon, SODIC, TMG, Mass Developments, EFG Hermes, Kima
A group of companies that assemble vehicles led by GB Auto have agreed to increase their allocations to accredited distributor
Egypt’s address to the UN Security Council on the GERD dominated airwaves Sunday
Plus, a new plan from the Finance Ministry to crack down on car importers who’ve illegally skirted customs duties
A look into efforts to localize Egypt’s auto industry
Efforts to localize the auto industry may be starting to bear fruit: The number of automakers looking to locally manufacture…
Kasrawy Group mulling new factory to assemble Jetour, Jac autos. PLUS: Basata + MadfoatCom, Dice + Twin Top, Saint-Gobain, Fertiglobe + Orascom Construction + Scatec, Siemens
The government is now working on allocating land for the firm to build its factory
Fertiglobe rubber stamps EUR 397 mn green ammonia offtake agreement with Germany’s H2Global. PLUS: Oil found, mystery Chinese auto company eyes Egypt, Japanese schools in the works, flight incentives
The move comes over a month after Fertiglobe was selected as the winning bidder in H2Global’s pilot auction
Stellantis in talks with gov’t to start assembling Fiat, Citroen, and Opel models locally. PLUS: SODIC, CIB + Chemicals & Fertilizers Export Council, Misr Ins., Eaton, MSMEDA
Stellantis was one of several car makers that expressed interest in the Egyptian Automotive Industry Development Program
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