US EditionEgypt allocates EGP 1.5bn to accelerate automotive industry in FY2025
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Egypt allocates EGP 1.5bn to accelerate automotive industry in FY2025
Egypt has allocated EGP 1.5bn in its 2024/2025 state budget to advance the localisation of its automotive industry, a strategic move underscored by the inauguration of Sumitomo’s largest global factory for automotive wiring harnesses in 10th of Ramadan City. The Japanese manufacturer’s new facility is expected to create around 10,000 jobs and serve as a key export hub for major European carmakers. Its opening reflects Egypt’s broader efforts to …
·Egypt
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