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FINANCIAL NEWS
IDA-Egypt to develop motorcycle industry
08 Mar 2016
(MENAFN) The Transportation Division of the Chamber of Engineering industries and the Industrial Development Authority (IDA-Egypt) plans to improve the motorcycle industry.
Moreover, parties are seeking to establish a clear strategy to manufacture motorcycles regionally, rather than importing production components.
Additionally, Egypt plans to move components of it’s automotive industry to Morocco, which seeks to link IDA with the General Authority of Traffic.
The Ministry of Industry and Trade proclaimed it will expose the plan for the automotive industry soon and to set local to global manufacture ratio at 60 percent.
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