Overview

(Exchange rate used: 1 USD = LE 5.75.  Values are in millions of U.S. Dollars.  Figures listed are unofficial estimates).

The roads of Egypt are occupied by 4 million vehicles with an expected lifetime of more than 10 years. This long ownership, partnered with rough road conditions, results in a deteriorating general vehicle condition and lends to an increase in the need for aftermarket products and services

Best Products/Services

•  Modern Garage Equipment
• Performance Accessories
• Service Equipment
• Comfort and Entertainment Accessories  
• Tires and Wheels

Opportunities

The Egyptian authorities are currently taking aggressive steps to nurture a local automotive and parts market and increase vehicle safety.  As an example, the Government lowered customs duties on car parts and accessories to a minimum of 10% in many cases.  Lower customs duties will encourage Egyptians to purchase new car parts rather than have old parts rebuilt.

As a result of these changes, industry specialists and major players are expecting the auto parts industry to flourish in the coming years.  These changes will provide growing opportunities for international companies to view Egypt as a promising sales channel, as well as consider Egypt as a regional production hub.

Resources

Commercial Service in Egypt: http://www.buyusa.gov/egypt/en/
U.S. Embassy: http://usembassy.egnet.net
USAID: http://www.usaid-eg.org/
World Bank: http://www.worldbank.org/
American Chamber of Commerce in Egypt: http://www.amcham.org.eg
Egyptian Government Web Portal: http://www.egypt.gov.eg/english/
The Egyptian Auto-feeders Union: http://www.eafa-egypt.com/home.asp

Egypt's Official Automotive Portal: http://www.motoregypt.com/

Contact for the Commercial Specialist in charge of the Oil and Gas Sector: Essam Tabarak, essam.tabarak@N0SPAM.mail.doc.gov