Egypt’s president urges allocating incentives to encourage old cars replacement with others running on natural gas

Egypt’s president urges allocating incentives to encourage old cars replacement with others running on natural gas

Fuel Station in Egypt - File Photo







CAIRO – 10 December 2020: Egyptian President Abdel Fattah El Sisi urged allocating an appropriate financial incentive to citizens willing to replace their shabby cars with new ones with bi-fuel system (gasoline and natural gas).

The step comes as part of a national program the president announced earlier this year in this regard. The program's first phase aims to replace 250,000 old private cars, taxis and microbuses and replace them with new ones running on natural gas.

The conversion will allow car owners to decrease their spending on gasoline. It will also help the state save hard currency, reduce pollution and save other fuel sources for petrochemicals industry.

In a meeting on Thursday with Prime Minister Mostafa Madbouly, Central Bank Governor Tarek Amer, Minister of Petroleum Tarek El-Molla, Minister of Finance Mohamed Maeet, Minister of Industry Nevin Gamea, Sisi reviewed the