The project is scheduled to produce 20,000 cars in the first year so that the production volume will reach 50,000 cars by the end of the fifth year.
The minister emphasized that the government is currently focusing on the efficient use of new and renewable energy sources to meet the country’s energy needs.
The new prices are part of the government’s plan to reduce subsidies across several sectors to improve public spending. The NTA previously upped prices at the start of the year by more than 20%
Announced on Monday by Deputy Prime Minister and Minister of Industry and Transport, Kamel Al Wazir, the new Egypt Digital Industrial Platform seeks to streamline processes and procedures for investors, promoting transparency and ease of operations
The ministry also introduced a new ticket pricing scheme for passengers traveling more than 23 stops, close to a year since its introduction of tickets for trips passing through 25 stations/stops