The joint Central Bank of Egypt (CBE) and auto industry committee intend to present a final report to the CBE governor next week, which would include the committee’s suggestions to boost the local automotive industry and exports. Khalid Saad, a member of the joint CBE-auto committee, told Daily News Egypt that the committee will submit its final report to Tarek Amer, the Governor of the CBE, within the next week. Saad further added that the committee’s report is different from the proposed automotive industry strategy currently discussed by parliament. The committee seeks to eliminate obstacles interrupting the investment flow, while the automotive strategy aims to develop the industry as a whole. The committee was formed to discuss ways to stimulate and attract investors in the automotive industry in the Egyptian market and develop the industry.

Source: Daily News Egypt May 30, 2017 07:15 UTC