Minister of Industry Khaled Hashem recently met with a delegation of Volkswagen representatives and discussed the company's plans to expand its automotive manufacturing operations in Egypt in the coming period, according to a statement. The talks reviewed studies currently being prepared by Volkswagen to manufacture cars in Egypt in cooperation with the Egyptian German Automotive Company (EGA), using existing factories and production lines. The ministry said the step would help save time and costs and pave the way for the start of Volkswagen's electric vehicle manufacturing operations in East Port Said. The meeting also discussed a review of local suppliers to assess the extent to which Volkswagen vehicles could depend on locally sourced components. The discussions covered the advantages and incentives offered under the National Automotive Industry Development Program (AIDP), including cash incentives linked to increasing local content and added value, investment growth, environmental and tax incentives, export incentives, and the activation of incentives under the Investment Law.
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