Egypt, African Association for Automotive Manufacturers sign MoU on technical support for AIDP



Mon, 05 Jun 2023 - 01:54 GMT


Mon, 05 Jun 2023 - 01:54 GMT

CAIRO – 5 June 2023: Prime Minister Mostafa Madbouli attended Sunday evening the signing of an MoU between the automotive unit at the Ministry of Trade and Industry, and the African Association for Automotive Manufacturers (AAAM) for the latter to provide the technical support needed to implement the country's Automotive Industry Development Programme (AIDP).


The technical support will include ways of building and structuring the team assigned with the programme; creation of a detailed guide on the accreditation and qualification of automotive assemblers; another on production incentive (PI); and, provision of detailed information on the calculation of the value of local components and suppliers of spare parts, and on the imported component statement.   


The AAAM will also train the team on coordinating with other governmental bodies participating in the execution of the programme; monitoring automotive assemblers and suppliers of spare parts; writing reports on PI, value of local components, and data of imported components; developing information documents distributed among investors; acquainting them with the programme and answering their queries; as well as help with the digitalization and automation of the programme's procedures.


A task force will be formed to focus on the localization of the automotive industry, and will include investors in the sector, as its mission will be identifying projects for manufacturing certain automotive products locally as a start.



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