Egypt signed three binding agreements with three of the largest international groups in the automotive industry, during the first meeting of the Supreme Council of Automobiles, Prime Minister, Mostafa Madbouli announced recently.
Madbouli added, during a press conference, that this came based on President Abdel Fattah El-Sisi’s directive to deepen the automotive industry in Egypt and reduce the large existing gap, pointing out that cars are the fourth commodity in import volume in terms of value.
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