In a meeting with Eng. Amr Nassar, Minister of Trade and Industry, Dr. Mustafa Madbouli, the Prime Minister, continued the priority features of the proposed program to strengthen the transport industry and the industries that feed it.
At the beginning of the meeting, the Prime Minister emphasized the governments interest in the file of the localization of the vehicle industry and its increasing dependence on the local component, which has a positive impact on the national economy and put Egypt on the map of global investment for engineering and technological industries, pointing out that this step contributes to providing greater employment opportunities, Upgrading the skills of technicians and engineers, as well as reducing vehicle prices locally and providing a better competitive environment among companies.
The Minister of Commerce and Industry presented a comprehensive report on the ministrys vision to develop the transportation industry in Egypt, which aims to become one of the leading countries in the field of manufacturing and exporting cars, pointing out that these restrictions include providing the necessary incentives for investors in this sector and overcoming the obstacles facing them.
The Minister also highlighted the results of the studies currently under way to start this important step, in addition to reviewing the experiences of other countries in this regard, in preparation for completion within the next few years of the formulation of a national program to stimulate the industry of vehicles and means of transport.