Industry Minister inaugurates 2017 Automech Formula Exhibition in Cairo 

Mohamed Samir
1 Min Read

The auto industry is one of the most important strategic sectors in Egypt’s national economy, especially that it is the catalyst for development of more than 13 industrial sectors and offers 86,000 direct and indirect jobs, with investments accounting for $3bn, said Minister of Industry and Trade Tarek Kabil during the opening of the twenty-fourth session of the Automech Formula Exhibition. The exhibition which will be held from 20-23 September at the Cairo International Conference Center with the participation of 24 car companies.

Egypt has all the capabilities and qualifications needed to establish an auto industry, Kabil explained. He added that the auto industry strategy adopted by the ministry currently includes huge stimuli aimed at the development of this strategic industry to build a major industrial hub in the region of the Middle East and Africa.

Kabil added that the exhibition is a real opportunity and forum for all car manufacturers and feeder industries to exchange views and experiences that contribute significantly to the development of this vital sector in Egypt and the competition between the companies working in this sector in the Egyptian market.

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Mohamed Samir Khedr is an economic and political journalist, analyst, and editor specializing in geopolitical conflicts in the Middle East, Africa, and the Eastern Mediterranean. For the past decade, he has covered Egypt's and the MENA region's financial, business, and geopolitical updates. Currently, he is the Executive Editor of the Daily News Egypt, where he leads a team of journalists in producing high-quality, in-depth reporting and analysis on the region's most pressing issues. His work has been featured in leading international publications. Samir is a highly respected expert on the Middle East and Africa, and his insights are regularly sought by policymakers, academics, and business leaders. He is a passionate advocate for independent journalism and a strong believer in the power of storytelling to inform and inspire. Twitter: https://twitter.com/Moh_S_Khedr LinkedIn: https://www.linkedin.com/in/mohamed-samir-khedr/
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