[Auto] Egypt seeks to curb 2025 car imports amid economic pressures

[Profesoruツ]

This would cap monthly imports at 8,000 cars, a significant reduction from the 90,000 cars imported last year

The Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib has called on automotive

dealers and agents to limit their import requests for 2025 to 5% of the total cars imported in 2023, unnamed sources familiar with the matter told Asharq Business. This would cap monthly

imports at 8,000 cars, a significant reduction from the 90,000 cars imported last year. The move follows earlier reports which suggested that Egypt plans to reduce the car import

quota by 20%, lowering the monthly limit from 10,000 to 8,000 cars, in a bid to conserve foreign currency and reduce import dependence. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Link: https://www.zawya.com/en/economy/north-africa/egypt-seeks-to-curb-2025-car-imports-amid-economic-pressures-wxsokt3q