The initiative, which aims to “facilitate the import of cars for personal use for Egyptians residing abroad,” started on November 15 and will end on March 14 2023
The rules were published in the Official Gazette earlier this week, kickstarting the scheme which President Abdel Fattah El Sisi signed into law at the end of last month
In the past decade, the automotive industry has seen a dramatic disruption, led by stricter regulations aimed at reducing CO2 emissions by 55% before 2030, says CEO of Al Mansour Automotive, Ankush Arora
During the first nine months of 2022, car sales fell by 23.5% to reach around 159.8k units, compared to 208.9k units in the same period in 2021
The council will be responsible for drafting policies, strategies, regulation and legislation, including for electric vehicles
