The Business News Foundation for Press and Publication will launch "Egypt Automotive", the annual summit for automotives manufacturing in Egypt, on 14 December. The summit falls under the sponsorship of Minister of Industry and Trade Mounir Fakhry Abdel Nour and Minister of Investment Ashraf Salman. The 2014 summit is held under the title "The future and investment opportunities of automotives and feeder industries". The summit's strategy aims to develop investments in the sector of automotives and outline required incentives to increase local components in automotives manufacturing. Mostafa Sakr, head of the board of directors of "Business News", said the annual summit will discuss ways to stimulate the sector and increase its capabilities in manufacturing and exports. It will also look at creating job opportunities and activating the market. Heads of several government authorities, automotive companies, agents associated with companies manufacturing cars and trucks, retail bank managers, car finance companies and insurance companies are to participate in the one-day conference. During the conference, the Automotive Marketing Information Council (AMIC) will reveal trends and growth forecast in the automotive market as well as its contribution to investments. The conference will raise a number of influential causes in automotive manufacturing as well as directions of investments, manufacturing, market size, sales growth. Some of the causes include the impact of international agreements on the future of industry, the role of customer device and the balance between interests of both consumers and companies. The summit allocates a special session for the finances controlling sales growth, where opportunities and challenges facing manufacturing in Egypt will be discussed, in addition to the application of Egyptian standards and how well they suit international standards in this regard.
