{"id":554162,"date":"2021-12-22T03:57:27","date_gmt":"2021-12-22T03:57:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/"},"modified":"2021-12-22T03:57:27","modified_gmt":"2021-12-22T03:57:27","slug":"final-stop-for-the-automotive-strategy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/","title":{"rendered":"Final stop for the automotive strategy?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Industry players will weigh in on the long-awaited automotive strategy<\/strong> as the government looks to finalize the incentives package, cabinet said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/299801158856978\">statement<\/a> yesterday. Prime Minister Moustafa Madbouly has previously said the strategy \u2014 which aims to grow the domestic auto industry and the sectors that feed it parts, components and services \u2014 will be unveiled before the end of the month.<\/p>\n<p><strong>What we know about the strategy so far: <\/strong>Policymakers haven\u2019t been specific about how it would work, benefits to companies, or eligibility requirements. Previous statements signaled that they could include a new <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/29\/egypts-automotive-incentives-package-could-soon-see-the-light-of-day-9209\/\">value-added rule<\/a> that would calculate the minimum percentage of local components used in the manufacturing of cars, a quota for annual production volume, provisions for the size and volume of new investment, and environmental sustainability requirements. The strategy could also include <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/813a74d0-1505-4f78-b7b9-11bbff6a2f4a\">incentives for EV production<\/a> and customs discounts linked to the percentage of locally-produced components.<\/p>\n<p><strong>BACKGROUND: <\/strong>The legislation for the automotive strategy has been <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/13\/govt-to-have-automotive-directive-ready-by-the-fall\/\">in the works since 2016<\/a>, and has gone through years of <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/11\/is-egypts-auto-manufacturing-incentives-package-coming-out-of-hibernation-soon-8271\/\">delays<\/a>, <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/13\/govt-to-have-automotive-directive-ready-by-the-fall\/\">revisions<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/30\/govt-plans-to-scrap-automotive-directive-and-will-replace-it-with-special-zones\/\">overhauls<\/a>. The strategy aims to grow a car manufacturing industry that can compete with European Union, Moroccan and Turkish imports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industry players will weigh in on the long-awaited automotive strategy as the government looks to finalize the incentives package, cabinet said in a statement yesterday. Prime Minister Moustafa Madbouly has previously said the strategy \u2014 which aims to grow the domestic auto industry and the sectors that feed it parts, components and services \u2014 will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":554163,"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":[144,357,72,281],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-automotive-directive","tag-enterpriseam","tag-moustafa-madbouly","wpautop","entry"],"acf":{"mongo_id":"4340294c-0578-4130-b593-f6b84cd34a4f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/452.jpg","photo_position":"above","related_issue":[554150],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Final stop for the automotive strategy? - 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\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Final stop for the automotive strategy?\" \/>\n<meta property=\"og:description\" content=\"Industry players will weigh in on the long-awaited automotive strategy as the government looks to finalize the incentives package, cabinet said in a statement yesterday. Prime Minister Moustafa Madbouly has previously said the strategy \u2014 which aims to grow the domestic auto industry and the sectors that feed it parts, components and services \u2014 will [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-22T03:57:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/452.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Final stop for the automotive strategy?\",\"datePublished\":\"2021-12-22T03:57:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/\"},\"wordCount\":197,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/452.jpg?fit=%2C&ssl=1\",\"keywords\":[\"automotive\",\"Automotive Directive\",\"EnterpriseAM\",\"Moustafa Madbouly\"],\"articleSection\":[\"Automotive\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/\",\"name\":\"Final stop for the automotive strategy? 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The Madbouly Cabinet\u2019s economic group reviewed yesterday a proposed package of incentives for automotive manufacturers to spur domestic manufacturing and assembly, according to a Cabinet statement. Prime Minister Moustafa Madbouly ordered the finance and trade and industry ministries\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608096,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/15\/mansour-auto-plans-new-factory-for-vehicle-assembly-components-manufacture\/","url_meta":{"origin":554162,"position":1},"title":"Mansour Auto plans new factory for vehicle assembly, components manufacture","author":"enterpriseam admin","date":"15 October 2023","format":false,"excerpt":"The company is set to invest USD 35 mn in the project","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/699.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581764,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/23\/stellantis-nissan-and-mansour-could-invest-usd-145-mn-in-local-assembly\/","url_meta":{"origin":554162,"position":2},"title":"Stellantis, Nissan and Mansour could invest USD 145 mn in local assembly","author":"enterpriseam admin","date":"23 February 2023","format":false,"excerpt":"Stellantis, Nissan and Al Mansour Automotive could invest a total of USD 145 mn in the nation\u2019s auto industry over the next three years under individual framework agreements signed with the government earlier this month, Prime Minister Moustafa Madbouly said yesterday. If all three agreements are executed, the companies would\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/car-manufacturing-1600px-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553407,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/","url_meta":{"origin":554162,"position":3},"title":"GM + Al Mansour Auto could partner up to produce EVs","author":"enterpriseam admin","date":"2 December 2021","format":false,"excerpt":"General Motors and Al Mansour Automotive could partner up to produce electric vehicles in Egypt under a memorandum of understanding signed by the two companies yesterday, Mansour Auto Chairman Mohamed Mansour told Reuters. The companies will assess production requirements, sales volumes, and the incentives that are on offer, and will\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/208.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577894,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/stellantis-wants-to-build-50k-cars-a-year-here\/","url_meta":{"origin":554162,"position":4},"title":"Stellantis wants to build 50k cars a year here","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"Automobile manufacturer Stellantis Egypt wants to locally produce 50k cars a year, Managing Director Hesham Hosny said at an industry conference this week (watch, runtime: 44:33). \u201cWe plan to have the Middle East and Africa produce 70% of its own automotive needs,\u201d he said. Stellantis is one of the largest\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/157.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":609652,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/","url_meta":{"origin":554162,"position":5},"title":"Will a new digital platform and electric car incentives boost the auto industry?","author":"enterpriseam admin","date":"8 November 2023","format":false,"excerpt":"Al Nasr Automotives is reportedly close to signing an agreement with a Chinese company to produce EVs","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=554162"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554162\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/554150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/554163"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=554162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=554162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=554162"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=554162"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=554162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}