Amr Soliman, head of Al-Amal Company for the manufacture and assembly of cars, said that the Egyptian government is heading to cancel the value-added tax and customs duties collected on the production components of the factories participating in the initiative to replace and convert cars. Natural gas as incentives for local manufacturers in the context of encouraging them to lower prices.
The Egyptian President Abdel Fattah El-Sisi met with a number of car manufacturers - last Monday - on the sidelines of the opening of the first exhibition to replace and convert cars to work with natural gas, in the context of knowing plans Companies and prices of vehicles that will be supplied within the replacement system.
In the same context, an official source at the Ministry of Trade and Industry said, according to the money, that the incentives package that was agreed upon for car manufacturers is completely similar to the privileges that were offered to producers and suppliers The white taxi project, which is the complete exemption from customs duties on the components of production, the abolition of the value-added tax, in addition to the abolition of the development fee equivalent to 3% on the vehicles that will be produced and supplied within the replacement project.
He explained that there is solidarity between the ministries and the competent authorities to speed up the implementation of the project to replace old vehicles and change them with natural gas categories, in the framework of reducing the operating cost and limiting emissions from fuel combustion .
and continued: The government has allowed entry to more than one car factory as part of the vehicle replacement initiative in light of benefiting from the expertise that companies have, and achieving the greatest amount of vehicle conversion in various governorates during Specific timetable.
