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The automotive industry is considered one of the most lucrative sectors for several countries around the world. The industry has been growing at a remarkable average annual rate of 30% over the past decade.The beginnings of the Egyptian automotive industry date back to 1960. The Egyptian market has all capabilities that qualify it to be a main industrial and logistic hub for manufacturing cars in the Middle East and Africa. Egypt has more than seventy car manufacturers.

One of the leading automotive events in Egypt is Automech Formula. It attracts over 100,000 visitors yearly with buyers from every segment ready to purchase a new car.