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Transportation Sector

Auto sales drop in January by 22% MoM, ending four-month rebound

This decrease marks the end of a four-month recovery in vehicle sales that began in October 2024, following a brief two-month slump after a period of growth from April to July.

New initiatives supporting NatGas adoption and electric vehicles on the way | FinMin

These initiatives are part of a broader effort to support the transition to greener, more economical transportation solutions, and to boost sustainable economic growth, according to an official statement on Tuesday.

InvestmentMin meets with automotive industry representatives to promote localization

During the meeting, Investment Minister El-Khatib emphasized the government's deep commitment to the automotive sector, recognizing its key role in attracting foreign investments and promoting industrial growth.

August auto sales experience significant decline MoM, up 25% YoY

Passenger car sales fell 14.4%, totaling 8,300 units sold in August, while bus sales dipped slightly to 604 vehicles, down from 643 in July. Conversely, truck sales saw a minor increase, rising to 1,100 from 1,000 in the previous month.

Automotive sales on the rise, continuing 4-month upward trend with 42% climb in July

Despite this upward trend, July’s sales figures remain significantly below the 24,200 monthly average of 2021