Egypt’s car pricing issue to be solved soon, assures official ...Egypt

Egypt’s car price issues will be resolved soon, assured the head of the Consumer Protection Agency Ayman Hossam Eddin. He praised the cabinet’s decision and the draft law on importing cars for expatriates. He continued: “This decision will greatly affect the market, and a piece of advice to citizens wishing to buy cars: calm down and don’t compare current prices.” Egyptian Prime Minister Mostafa Madbouly, announced on Monday the official steps and conditions for importing cars from abroad completely exempt from custom fees. The decision stipulated that an Egyptian citizen with a valid legal residence abroad has the right to import one private passenger car for personal use, exempt from taxes

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