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Egypt earmarks EGP 5.5 bn for new automotive export subsidies
The government is also currently targeting the addition of four new companies to join the Automotive Industry Development Program
China’s Linglon mulls USD 2 bn tire export hub in Egypt’s Borg El Arab
The project will be set up under a private freezone model
HOF Capital leads group taking 45% stake in supercar brand Bugatti
Abu-Dhabi based investment firm BlueFive Capital is the largest investor in the HOF Capital-led consortium
Banque Misr kicks EGP 2.7 bn for Mansour Group’s vehicle assembly plant
The 126k sqm facility will begin operations in 1Q 2027
February auto sales climb 63% y-o-y as market awaits true war impact in March
Total sales rose 22.5% m-o-m to 17.3k units.
China’s Henan Zhongfu to build USD 2 bn aluminum hub in Egypt
Plus: Mobica expands into automotive, agritech in USD 20 mn industrial play
Bokra debuts Shakmagia gold fund this month, targets EGP 10 mn
Plus: FRA is capping vehicle depreciation rates to settle claims disputes
Industry Ministry pushes for 100k vehicles a year and 60% local content in an auto industry reboot
Proposed incentives include performance-based bonuses, extended support for EVs, and special rewards for companies that bring advanced tech into the…
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