CAIRO – 27 August 2023: Prime Minister Mostafa Madbouly stated that the Government of Egypt is working on strengthening the private sector’s role and increasing its contribution to the economy to reach 65 percent over the next few years. Mabouly’s tour included the automotive industry modernization center and a group of auto factories, where he visited a number of production, assembly, and spare part sites. During the meeting, Madbouly reviewed Egypt’s efforts and progress in advancing its automotive industry. The prime minister added that in October 2022, Egypt issued Law No. 162, which provided the launch of two main entities to maintain coherent, consistent, and dynamic policies for the automotive sector.
