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FX troubles and domestic instability threaten Egyptian recovery

Egypt’s automotive industry took a battering in the wake of the Arab Spring, and looking ahead, there may be more grief. By Xavier Boucherat

In 2010 the total number of cars produced in Egypt had risen to 116,683 vehicles, after several years of successive growth. Following the Arab Spring and the overthrow of former President Honsi Mubarak, production has declined dramatically year-on-year. In 2015, the country produced just 36,000 vehicles – a 69% decrease from five years ago.

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