{"id":652835,"date":"2017-01-19T04:53:08","date_gmt":"2017-01-19T04:53:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/19\/cbe-is-looking-into-alternative-strategies-to-gradually-develop-local-auto-industry\/"},"modified":"2017-01-19T04:53:08","modified_gmt":"2017-01-19T04:53:08","slug":"cbe-is-looking-into-alternative-strategies-to-gradually-develop-local-auto-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/19\/cbe-is-looking-into-alternative-strategies-to-gradually-develop-local-auto-industry\/","title":{"rendered":"CBE is looking into alternative strategies to gradually develop local auto industry"},"content":{"rendered":"

The CBE is looking to build up the auto-feeders industry:<\/strong> The CBE committee looking into developing a strategy for the auto industry is focusing on diversifying and advancing components manufacturing. It\u2019s plan: starting first with less complex components such as tires, car batteries, and windshields, and gradually working towards more advanced products such as engine parts, sources from the auto-industry development committee tell Al Mal<\/a>. The committee is in talks with auto industry players and banks to discuss alternative measures.<\/p>\n","protected":false},"excerpt":{"rendered":"

The CBE is looking to build up the auto-feeders industry: The CBE committee looking into developing a strategy for the auto industry is focusing on diversifying and advancing components manufacturing. It\u2019s plan: starting first with less complex components such as tires, car batteries, and windshields, and gradually working towards more advanced products such as engine […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652835","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9d52756f-f6cb-4642-bdbc-be132b266683","order":"0","is_powered_by":true,"section_story_id":"027c29c5-898d-4715-a8fb-59d638411239","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652823],"teaser":"","voice_url":""},"yoast_head":"\nCBE is looking into alternative strategies to gradually develop local auto industry - 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\/2017\/01\/19\/cbe-is-looking-into-alternative-strategies-to-gradually-develop-local-auto-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE is looking into alternative strategies to gradually develop local auto industry\" \/>\n<meta property=\"og:description\" content=\"The CBE is looking to build up the auto-feeders industry: The CBE committee looking into developing a strategy for the auto industry is focusing on diversifying and advancing components manufacturing. It\u2019s plan: starting first with less complex components such as tires, car batteries, and windshields, and gradually working towards more advanced products such as engine […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/19\/cbe-is-looking-into-alternative-strategies-to-gradually-develop-local-auto-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-19T04:53:08+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/19\/cbe-is-looking-into-alternative-strategies-to-gradually-develop-local-auto-industry\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/19\/cbe-is-looking-into-alternative-strategies-to-gradually-develop-local-auto-industry\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE is looking into alternative strategies to gradually develop local auto industry\",\"datePublished\":\"2017-01-19T04:53:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/19\/cbe-is-looking-into-alternative-strategies-to-gradually-develop-local-auto-industry\/\"},\"wordCount\":93,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/19\/cbe-is-looking-into-alternative-strategies-to-gradually-develop-local-auto-industry\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/19\/cbe-is-looking-into-alternative-strategies-to-gradually-develop-local-auto-industry\/\",\"name\":\"CBE is looking into alternative strategies to gradually develop local auto industry - 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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":649519,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/house-industrial-committee-to-complete-its-review-of-the-automotive-directive-by-mid-march\/","url_meta":{"origin":652835,"position":1},"title":"House Industrial Committee to complete its review of the automotive directive by mid-March","author":"enterpriseam admin","date":"2 March 2017","format":false,"excerpt":"The House Industry Committee is set to complete its review of the automotive directive and send the bill back to a plenary session of the House of Representatives by mid-March, Al Borsa reports. The committee held discussions with auto industry players this week, with importers continuing to object to the\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":631884,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/house-industry-committee-looking-to-encourage-increasing-domestic-component-quotas-in-industry-act\/","url_meta":{"origin":652835,"position":2},"title":"House Industry Committee looking to encourage increasing domestic component quotas in Industry Act","author":"enterpriseam admin","date":"29 March 2018","format":false,"excerpt":"LEGISLATION WATCH- House Industry Committee wants to raise minimum domestic content needed for anything to qualify as \u201cmade in Egypt.\u201d The House of Representatives\u2019 Industry Committee is currently discussing amendments to the Industry Act with eye to providing incentives to increase domestic component requirements for manufacturing, committee chair Ahmed Samir\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":635433,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/auto-industry-anticipates-resurging-sales-next-year-after-cbe-lifts-imports-restrictions\/","url_meta":{"origin":652835,"position":3},"title":"Auto industry anticipates resurging sales next year after CBE lifts imports restrictions","author":"enterpriseam admin","date":"4 December 2017","format":false,"excerpt":"Six auto companies plan on spending a combined EGP 1.5 bn in 2018 on new production lines, showrooms, and after sales centers in anticipation of a resurgent auto market next year, Al Mal reports. These include Bavaria Bavarian Auto, Honda Egypt, Al Amal, and Kayan Egypt.","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":638966,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/geelys-plans-to-turn-egypt-into-an-exporting-hub-hinges-on-automotive-directive\/","url_meta":{"origin":652835,"position":4},"title":"Geely\u2019s plans to turn Egypt into an exporting hub hinges on Automotive Directive","author":"enterpriseam admin","date":"18 October 2017","format":false,"excerpt":"INVESTMENT WATCH- Chinese auto firm Geely will turn Egypt into a regional manufacturing and distribution hub \u2014 if the \u201cautomotive directive\u201d becomes law, senior company officials tell Al Mal. The company\u2019s expansion plans rest on the incentives laid out by the legislation, which is designed to prompt local assemblers to\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":629046,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/21\/trade-minister-forms-local-automotive-manufacturing-committee\/","url_meta":{"origin":652835,"position":5},"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. 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