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Country-Plan Projects and Tenders |
| 9517 Subject |
نشاط متوقع لزيادة حجم التصنيع للمعدات الثقيلة Egypt Minister of Foreign Trade & Industry urging banks to extend credits to manufacturers & importers of heavy duty trucks. |
| Date Published | Sunday, October 23, 2005 |
| Source Name | Al Alam Al Yom |
| Location Name | Country Wide |
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Description Date Format: (mm/dd/yyyy) |
Egypt Minister of Foreign Trade & Industry urging banks to extend credits to manufacturers & importers of heavy duty trucks. During a meeting of the Minister with a number of investors in that industry, they claimed banks do not accept to finance their operations. They also claimed sharp increases in relevant sea freight costs. The Minister has indicated that duties on heavy-duty trucks were lately reduced to 5 % & that the Government has terminated the ban earlier imposed on second hand heavy duty trucks imports. |
| Sectors Section |
Beneficiary Sectors - Automotive & Construction Equipment Pickups & Trucks |