Prime Minister, Mostafa Madbouly, held a meeting to follow up on the execution of the presidential initiative to replace old cars and convert vehicles to run on natural gas, the cabinet said in a statement.
This is to keep track of the steps that have been taken in this regard, and the rates of car delivery to citizens.
Madbouly noted that the initiative was expected to witness an increase in demand, but what has been done, so far, indicates that the delivery rates are proceeding unsatisfactorily.
This needs to take faster measures to increase the delivery rates according to the clear directives from the president in this regard.
The meeting was attended by Minister of Finance, Mohamed Maait, Minister of Trade and Industry, Nevine Gamea, Chairperson of the Vehicle Replacement Fund at the Ministry of Finance and Executive Director of the initiative to replace old cars with gas-fueled ones, Amgad Mounir, and Hatem El Ashry, Adviser at Ministry of Trade and Industry.