{"id":594641,"date":"2019-09-03T04:07:57","date_gmt":"2019-09-03T04:07:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/will-egypts-auto-manufacturers-incentives-strategy-see-the-light-of-day-soon\/"},"modified":"2019-09-03T04:07:57","modified_gmt":"2019-09-03T04:07:57","slug":"will-egypts-auto-manufacturers-incentives-strategy-see-the-light-of-day-soon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/will-egypts-auto-manufacturers-incentives-strategy-see-the-light-of-day-soon\/","title":{"rendered":"Will Egypt\u2019s auto manufacturers incentives strategy see the light of day soon?"},"content":{"rendered":"

<\/a> Will the auto manufacturers incentives strategy see the light of day soon?<\/b> 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<\/a>. Prime Minister Moustafa Madbouly ordered the finance and trade and industry ministries to complete all the necessary studies on the incentives and their implementation by the end of the month, at which time the economic group will discuss the matter again.<\/p>\n

What does the strategy entail?<\/b> The statement did not disclose any details on the proposed strategy, but our sources in government previously told us that the incentives \u2014 which would be introduced through amendments to the Customs Act \u2014 would provide customs discounts of varying amounts to car manufacturers in return for increasing their use of local components. The customs breaks would be split into three tiers<\/a> according to the percentage of local content used.<\/p>\n

Background:<\/b> We were told last summer<\/a> that, after scrapping the original incentive plan (known as the automotive directive), the government was looking at an alternative strategy that could borrow heavily from one adopted by successful regional players including Morocco and South Africa. The strategy involves a policy of supporting full-fledged auto manufacturing customs-exempt zones that would offer a range of as-yet unspecified tax and customs breaks.<\/p>\n","protected":false},"excerpt":{"rendered":"

Will the auto manufacturers incentives strategy see the light of day soon? 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 to complete all the necessary […]<\/p>\n","protected":false},"author":1,"featured_media":594642,"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":[8572],"tags":[144,357,72,131,2380,483],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-automotive","tag-automotive-directive","tag-enterpriseam","tag-manufacturing","tag-speed-round","tag-trade-and-industry-ministry","wpautop","entry"],"acf":{"mongo_id":"b994517f-c3e6-4384-be87-b3c685a70bc2","is_powered_by":true,"section_story_id":"593a8a91-9e44-4e4c-a5e1-297518ef62e8","story_type":"1","photo_url":"https:\/\/ent.news\/2022\/7\/381.jpg","photo_position":"above","related_issue":[594633],"teaser":"","voice_url":""},"yoast_head":"\nWill Egypt\u2019s auto manufacturers incentives strategy see the light of day soon? - 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\/2019\/09\/03\/will-egypts-auto-manufacturers-incentives-strategy-see-the-light-of-day-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will Egypt\u2019s auto manufacturers incentives strategy see the light of day soon?\" \/>\n<meta property=\"og:description\" content=\"Will the auto manufacturers incentives strategy see the light of day soon? 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. 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The proposed method should\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\/2019\/9\/2604.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591613,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/is-egypts-auto-manufacturing-incentives-package-coming-out-of-hibernation-soon\/","url_meta":{"origin":594641,"position":1},"title":"Is Egypt\u2019s auto manufacturing incentives package coming out of hibernation soon?","author":"enterpriseam admin","date":"11 December 2019","format":false,"excerpt":"LEGISLATION WATCH- Is the auto manufacturing incentives package finally going to emerge from months of hibernation? Proposed amendments to the Customs Act that will provide customs discounts to car manufacturers in return for increasing their use of local components will be sent to the House of Representatives \u201csoon\u201d for review\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":598214,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/finmin-trade-ministry-expand-egypts-automotive-incentives-strategy-to-cover-all-industries\/","url_meta":{"origin":594641,"position":2},"title":"FinMin, Trade Ministry expand Egypt\u2019s automotive incentives strategy to cover all industries","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"EXCLUSIVE- FinMin, Trade Ministry looking to expand automotive industry-style incentive strategy to other sectors: The finance, trade and industry ministers are working on a more expansive incentives strategy for all local industries based on its program for the automotive industry, a senior official in the government tells Enterprise. The program\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\/2022\/7\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581596,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/big-steps-forward-for-our-national-automotive-strategy\/","url_meta":{"origin":594641,"position":3},"title":"Big steps forward for our national automotive strategy","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"The Madbouly government yesterday launched three key bodies that will work to implement","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/cars-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597354,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/brilliance-to-invest-usd-120-as-it-returns-to-egypt-assembly\/","url_meta":{"origin":594641,"position":4},"title":"Brilliance to invest USD 120 as it returns to Egypt assembly","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"EXCLUSIVE- Brilliance Auto to invest USD 120 mn to return to domestic assembly: Brilliance Bavarian Auto is planning to invest USD 120 mn to use the existing facilities of its parent company \u2014 BMW\u2019s Bavarian Auto Group (BAG) \u2014 to begin assembling its China-origin cars by early 2020, Brilliance\u2019s general\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\/2022\/7\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572704,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/european-automakers-eyeing-component-manufacturing-in-egypt\/","url_meta":{"origin":594641,"position":5},"title":"European automakers eyeing component manufacturing in Egypt?","author":"enterpriseam admin","date":"6 July 2020","format":false,"excerpt":"European automakers eyeing component manufacturing in Egypt? 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