Local content incentives for renewable energy, automotive and mining sector activities

On 2024, as part of the 2024-2030 Economic Strategy, the Egyptian government set out targets for increasing the local content used in manufacturing industries to 60%-80% by the end of the decade. Additional incentives were set up for activities and projects whose final production satisfied a 50% local content requirement, notably in the renewable energy, automotive and mining sectors, including specific customs treatment, operating cost subsidies (including land-related expenses), workforce training support and tax incentives.

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