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Sunday, 11 February 2018

Automotive Directive to be voted into law by 2Q2018

LEGISLATION WATCH- Can we please get some clarity on when the Automotive Directive might be ready for debate? In the latest update on the Automotive Directive, unnamed government sources tell Al Borsa that the act is expected to be issued some time in 2Q2018 — another delay in estimates on when the law will be out. The hold up appears appears to be the German consultancy hired by the government to advise on the redraft of the act. The source adds that after the Germans are done with it, the redrafted act would then have to receive sign-off from the Ismail Cabinet before it is sent to the Council of State (Maglis Al Dawla) and then to the House of Representatives for discussions and a vote. Industrial Development Authority head Ahmed Abdel Razek had said in December that the final draft of the law would be ready by January.

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