Prime Minister Ibrahim Mahlab met with the director of Ford Cars for the Middle East and North Africa on Monday in the presence of the trade and finance ministers.
During the meeting, Mahlab said the company’s interest to increase its business in Egypt by establishing a new factory comes at the right time as the government plans to revive the automotive industry, Cabinet spokesman Hossam el Qawish said.
Ford can benefit from Egypt’s trade agreements, like the COMESA agreement, which offers preferential advantages and access to member states’ markets, Mahlab said.
The Ford director said his current visit of the country is aimed at getting familiarized with the manufacturing policies adopted by the government and investment incentives offered to the car industry to start measures for setting up a Ford factory in Egypt.
The two had agreed that a Ford delegation will visit Egypt in the coming period to hold talks with the industry and finance ministries to get acquainted with the tax and manufacturing incentives offered to car manufactures and exchange viewpoints in this regard.
GMT 11:05 2018 Thursday ,18 January
Syria peace talks to resume in Vienna Jan 25-26GMT 19:56 2017 Monday ,15 May
President of Burkina Faso Arrive in DohaGMT 11:52 2017 Monday ,15 May
Rashid bin Fahad at Kazan Economic Summit on 18th MayGMT 06:09 2017 Friday ,05 May
Trump to Visit Saudi Arabia This MonthGMT 09:30 2017 Wednesday ,03 May
Bahrain to host GEFT Forum on WednesdayGMT 07:07 2017 Wednesday ,03 May
HM the King to visit Brunei on WednesdayGMT 06:35 2017 Wednesday ,03 May
Qatari leader to visit Poland on ThursdayGMT 21:51 2017 Tuesday ,02 May
King of Bahrain to Visit Brunei TomorrowMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor