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Monday, 19 September 2016

Kabil discusses automotive directive with industry leaders

Trade and Industry Minister Tarek Kabil met with auto industry leaders on Sunday to discuss the automotive directive, which the minister confirmed has been sent to the House of Representatives, said Hussein Moustafa, head of the Egyptian Automobile Manufacturers Association (EAMA). Kabil added that a committee to draw up the law’s executive regulations will be formed once the law it has passed the House. The meeting, which included the chairmen of GB Auto, Bavaria Auto Group and top executives of General Motors MENA and Nissan Egypt, explored the standards which will be applied to car manufacturing, with Kabil informing them that a committee has been formed to set these up. Kabil also divulged the new incentives offered to the industry in the Suez Canal development zone, Moustafa tells Al Mal. EAMA also pushed for a government sponsored program to train industry workers.

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