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First batch of gas-powered cars delivered within presidential initiative
9 April 2021  -  Sector :  -  Entity :  -  Category : Industry News

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The initiative targets the replacement of 250,000 vehicles more than 20 years old, in 2021-2023.

Cairo- Apr 9, 2021

Minister of Trade and Industry Nevine Gamea has participated in the delivery ceremony of the first batch of gas-powered cars, as part of the presidential initiative to replace and convert vehicles to natural gas.

Minister of Finance Mohamed Maait and Minister of Petroleum Tarek al-Mulla also attended the ceremony, in addition to Presidential Adviser on Financial Affairs Mohamed Amin Nasr, as well as the governors of Cairo, Giza and Qalyubia, and heads of the banks and carmakers participating in the initiative.

“The presidential initiative is part of the state’s strategy to raise living standards and provide better services to citizens,” Gamea said in her speech.

The minister affirmed that it also aims to support the national automotive industry and phase out fossil-fuel engines to help eliminate air pollution and protect the environment.

The project, she further noted, targets the replacement of private cars, taxis and microbuses more than 20 years old, with a total of 250,000 vehicles within 3 years: 70,000  will be replaced this year, including 55,000 private cars and taxis and 15,000 microbuses, which is to increase to a sum of 90,000 in 2022 and 2023 each.

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