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FINANCIAL NEWS
Egypt expects sale of 279,300 cars by the end of 2015
08 Dec 2015
(MENAFN) Egypt predicts to sale 279,300 vehicles by the end of this year, sales will decrease by 5 percent since 2014 with a whole of 279,340 will be sold by the end of 2015 compared to 292,980 a year earlier.
Moreover, 2015 sales are more than the sales achieved from 2009 to 2013, whereas for passenger cars, AMIC valued the sale of 196,470 cars this year compared with 2014.
Accordingly, the automotive sector is a huge employer, where for each thousand sold cars, 22 job chances are provided “in addition to indirect jobs”.
However, the sector is still facing many problems, including the arguments between car importers and the Egyptian Customs Authority above the revealing prices of imported cars.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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