{"id":549778,"date":"2022-09-29T04:00:42","date_gmt":"2022-09-29T04:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/29\/will-we-finally-get-serious-about-automotive-assembly\/"},"modified":"2022-09-29T04:00:42","modified_gmt":"2022-09-29T04:00:42","slug":"will-we-finally-get-serious-about-automotive-assembly","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/29\/will-we-finally-get-serious-about-automotive-assembly\/","title":{"rendered":"Will we finally get serious about automotive assembly?"},"content":{"rendered":"

<\/a> The government\u2019s automotive committee held its first meeting yesterday<\/strong> headed by Prime Minister Mousatafa Madbouly, cabinet said in a statement<\/a>.<\/p>\n

Automotive committee? <\/strong>The committee is tasked with following up on the government\u2019s long-awaited automotive strategy<\/a>, which aims to increase local assembly, grow the component manufacturing industry, up the sector\u2019s competitiveness to become a regional manufacturing hub, and bolster export volumes. The committee approves policies and strategies for developing the auto sector, and will prepare quarterly reports on its work.<\/p>\n

Sitting on the committee: <\/strong>A number of government officials and non-governmental \u201cexperts,\u201d the statement said, without mentioning names.<\/p>\n

The strategy has been a long time coming:<\/strong> The long-awaited automotive strategy has been repeatedly delayed over recent years. We were expecting some sort of announcement around the turn of the year<\/a>, and though Madbouly gave a major speech<\/a> about the strategy in June, there were precious few details about how the government plans to grow the local sector.<\/p>\n

What we do know:<\/strong> The strategy will provide a number of incentives \u2014 including customs breaks \u2014 to automotive manufacturers and feeder industries. The customs breaks will be granted based on the company\u2019s local added value, its annual production volume, the value of new investments, and its carbon emissions, the statement said. The committee is also looking at granting importers a three-month extension on their payments.<\/p>\n

** What do automotive companies want?<\/strong> We spoke to them about what they want to see in the strategy for our industrial vertical, Inside Industry<\/a>, earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government\u2019s automotive committee held its first meeting yesterday headed by Prime Minister Mousatafa Madbouly, cabinet said in a statement. Automotive committee? The committee is tasked with following up on the government\u2019s long-awaited automotive strategy, which aims to increase local assembly, grow the component manufacturing industry, up the sector\u2019s competitiveness to become a regional manufacturing […]<\/p>\n","protected":false},"author":1,"featured_media":549779,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7339],"tags":[144,2492,357,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-automotive-committee","tag-automotive-directive","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"356d0c3f-33bf-4b21-9d07-b14283bebeb3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/429.jpg","photo_position":"above","related_issue":[549769],"teaser":"","voice_url":""},"yoast_head":"\nWill we finally get serious about automotive assembly? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/29\/will-we-finally-get-serious-about-automotive-assembly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will we finally get serious about automotive assembly?\" \/>\n<meta property=\"og:description\" content=\"The government\u2019s automotive committee held its first meeting yesterday headed by Prime Minister Mousatafa Madbouly, cabinet said in a statement. Automotive committee? 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It\u2019s 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\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629046,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/21\/trade-minister-forms-local-automotive-manufacturing-committee\/","url_meta":{"origin":549778,"position":1},"title":"Trade Minister forms local automotive manufacturing committee","author":"enterpriseam admin","date":"21 May 2018","format":false,"excerpt":"Another step toward the Automotive Directive? Trade Minister Tarek Kabil issued yesterday a decree forming a committee in charge of implementing higher local content requirements for domestic assemblers and manufacturers. The committee will draft the executive regulations to the ministry\u2019s directive from last month that requires 46% of the components\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642419,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/automotive-directive-could-be-final-by-november-house-industry-committee-chair\/","url_meta":{"origin":549778,"position":2},"title":"Automotive directive could be final by November -House Industry Committee Chair","author":"enterpriseam admin","date":"14 August 2017","format":false,"excerpt":"Could the automotive directive come to pass by November? The automotive directive could be issued by November, House Industry Committee Chair Ahmed Samir tells Al Borsa. The committee aims to pass the bill \u2014 which will offer incentives to encourage local assemblers to move further up the value chain into\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653001,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/24\/house-of-representatives-has-resumed-discussions-on-the-automotive-directive\/","url_meta":{"origin":549778,"position":3},"title":"House of Representatives has resumed discussions on the automotive directive","author":"enterpriseam admin","date":"24 January 2017","format":false,"excerpt":"The House of Representatives' Industry Committee has resumed discussions on the automotive directive after announcing earlier this month it decided to postpone its review of the directive \u201cpending further studies,\u201d according to Al Shorouk. The directive \u2014 which would give incentives to local assemblers to go further up the value\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647924,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/23\/committee-studying-alternatives-to-automotive-directive-to-submit-report-next-week\/","url_meta":{"origin":549778,"position":4},"title":"Committee studying alternatives to automotive directive to submit report next week","author":"enterpriseam admin","date":"23 May 2017","format":false,"excerpt":"The joint CBE-auto industry committee studying alternatives to the automotive directive will submit a report to bank Governor Tarek Amer next week, Al Borsa said on Monday. Back in April, it was announced that the committee \u2014 which has the backing of detractors of the automotive directive \u2014 had completed\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646318,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/trade-and-industry-ministry-form-committee-to-resolve-issues-with-the-automotive-directive\/","url_meta":{"origin":549778,"position":5},"title":"Trade and Industry Ministry form committee to resolve issues with the automotive directive","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"Trade and Industry Ministry forms committee to break deadlock over automotivedirective: The Trade and Industry Ministry is forming a committee of Federation of Egyptian Industries and Industrial Development Authority (IDA) officials to look into resolving the deadlock on the automotive directive, Al Borsa reported last Thursday. 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