By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: New ‘Car City’ raises controversy
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
New Car

New ‘Car City’ raises controversy

anik
Last updated: 2015/12/27 at 3:14 PM
By anik 4 Min Read
Share
SHARE

During the third session of the Egypt Automotive Summit, businessmen in the car industry criticised and questioned a number of factors set by the Cairo governorate that concern establishing the New “Car City” project.

The New Car City is going to be a car market in Kattameya where new and used cars can be sold. It will also include a compound for banks and a Notary Office in addition to car service centers and car show rooms, according to Deputy-Governor of Cairo Mohammed Ayman.

According to the governorate’s proposal, the new city will be established over an area of 60 acres using the usufruct system for 20 years.

Chairman of El-Sabaa Automotive Alaa El-Sabaa criticised the space and said the project will be very small and will not be able to accommodate all car show rooms in Egypt, especially since a large part of the space will be used for insurance and financing service centres that are specialised for car purchasing.

The Presidency has directly adopted a youth-targeted project that manufactures vehicles to transport food commodities, to overcome unemployment and food commodities' price increase.(DNE Photo)

Al-Sabaa further indicated that most car companies have expressed their opposition to the 20 year period usufruct system and that the time span is very short for investors. It usually takes five to ten years for car companies to introduce the new place for their clients and actually have a good customer base.

Chairman of Abu El-Magd Automotive Osama Abu El-Magd agreed with Al-Sabaa and added that the new city will not be able to host more than 70 factories, given that the number of showrooms in Egypt is up to 6,000.

Abu El-Magd also said the 20-year usufruct system eliminates the idea of establishing a new city because the showroom owner spends millions of pounds for marketing a place, which he would be forced to leave after 20 years.

The city of Cairo is a highly populated city and lands are very scarce in it, Ayman said, he also noted that the area of land for the new city can accommodate 7,000 residential units: “It has been allocated, however, to the car industry to solve a major crisis”.

On another note Ayman said that multi-storey garages will be established in the city of Cairo and an auction will take place by the governorate that would allow the private sector to participate in the projects. The conditions of contract for the auction have been prepared and ten areas in Cairo have been selected for offers.

Cairo suffers the fact that the streets and public space is narrow compared to the increased growth of population, which has lead to the overcrowding of cars on the streets.

“Regulations should have been made for putting traffic related liquidity controls as part of the automotive industry strategy”;Ayman said. Putting his idea in a more specific manner, he said the strategy should have included the establishment of multi-storey garages as the ones that are already available in the districts of Al-Bostan, Al-Opera, and Al-Attaba in downtown Cairo. In western Cairo alone, 148 parking spaces need to be established.

[“source-dailynewsegypt”]

You Might Also Like

Buying a Used VW Car in Albuquerque? Here’s What to Know

What to Do If the Trunk of Your Nissan Won’t Open

Style, Luxury, and Innovation in a New Car Coming in 2024

Interior of the 2025 Mitsubishi Outlander PHEV

Benefits of Purchasing a New Vehicle

TAGGED: New ‘Car City’, raises controversy
anik December 27, 2015
Share
Previous Article Caitlyn Jenner Sued for Negligence in Fatal Car Crash
Next Article Research and Markets: India Used Car Market Outlook to 2020 – Growing Preference and Emergence of Web Aggregators

Calendar

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    

Latest Trending News

  • How Google’s AI can help transform health professions education September 3, 2025
  • Your Ebike Battery is Draining Too Quickly? Six Reasons August 29, 2025
  • Test of Turbo Petrol-Powered Automobiles: Actual City and Highway Fuel August 26, 2025
  • Buying a Used VW Car in Albuquerque? Here’s What to Know August 21, 2025
  • What to Do If the Trunk of Your Nissan Won’t Open August 20, 2025
  • Fatherhood, marriage, and Longevity in the August 14, 2025
  • Style, Luxury, and Innovation in a New Car Coming in 2024 August 13, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?