Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Third Egypt Automotive Summit to discuss automotive industry strategy on 13 December
International companies to sign supply contracts with feeding industries during the summit's latest round
Published in Daily News Egypt on 28 - 11 - 2016

Major automotive companies are set to participate in the third annual Egypt Automotive Summit scheduled to take place on 13 December. International companies are slated to participate in the summit to sign supply contracts with feeder industries companies.
This year, Business News will sponsor the third summit through holding five sessions that discuss the market issues observed during 2016, under the patronage and participation of Minister of Trade and Industry Tarek Kabil and Minister of Investment Dalia Khorshid.
This year's conference has garnered special attention from leaders in the automotive sector and feeding industries, both globally and regionally. The ambassadors of South Africa, Germany, France, and the Czech Republic will attend the summit. This is in addition to a number of different business and export councils and representatives of international companies, most notably representatives from Peugeot and Citroen, Volkswagen Group, and the heads of the Chinese and Russian industrial zones in Egypt, according to Business News chairperson Mostafa Sakr.
The companies working in Egypt will also participate. Nissan Motors Egypt General Manager Isao Sekigushi, Ghabbour Auto Chairperson Raouf Ghabbour, Bavarian Auto Chairperson Farid Tobgui, and General Motors Egypt Managing Director Tarik Atta will all attend the summit. Moreover, representatives from Egyptian companies in addition to the Egyptian Automobile Manufacturers Association (EAMA), Egyptian Auto Feeders Association (EAFA), and the Automotive Marketing Information Council (AMIC) will also be taking part.
Since the end of last year's conference, communication has been ongoing in the automotive sector through the means of holding seminars to discuss how to implement the outcomes of the conference and shed on the impact of recent economic decisions and their impact on the automotive sector and trade, noted Sakr.
This year's automotive summit comes amid anticipation that the government will approve the automotive industry strategy, which is expected to carry incentives that will deepen industry and increase Egyptian exports.
The automotive industry strategy was the main focus of discussions during the first and second summits. According to Sakr, implementing the strategy this year will create a powerful engine in the market in the coming period by providing a clear vision for the future of investment in the industry on a competitive basis for the benefit of society and the private sector.
The summit will present the opportunities available in the Suez Canal Area Development Project for companies operating in the automotive industry and the role of the private sector in planning and implementing the automotive zone, in addition to the advantages and facilities that aim to stimulate investment in the region.
The Egypt Automotive Summit has become the biggest event that brings together all parties working in the automotive sector and feeding industries, such as heads of manufacturing companies, agents, distributors, feeding industry companies, and automotive experts, said the summit's manager, Mohamed Aboul-Fotouh. This is in addition to the participation of government ministers and heads of sectors relevant to the automotive sector. The banking sector is also interested in participating to provide new solutions to finance and develop the automotive sector, whether it's the industrial or commercial sectors.
The summit is always keen on facing the challenges of the automotive sector with the government, and a session has been allocated for an open discussion between the customs and tax authorities and the automotive sector parties to resolve all of the sector's obstacles, added Aboul-Fotouh.
A session, in which the members of parliament's Economic Committee will participate, will be dedicated to announcing the final position of the automotive manufacturing strategy, which is currently the most important hub for the sector, said Aboul-Fotouh.


Clic here to read the story from its source.