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Thursday, 19 January 2017

CBE is looking into alternative strategies to gradually develop local auto industry

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’s 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. The committee is in talks with auto industry players and banks to discuss alternative measures.

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