Foreign Currency Costs Key to New Car Prices in Egypt, Khaled Saad Says

Foreign currency costs are a major factor in determining the price of new cars in Egypt, according to engineer Khaled Saad, secretary-general of the Automobile Manufacturers Association.

Discussing the reasons behind rising new-car prices, Saad highlighted the role of foreign currency in shaping vehicle costs in the local market.

His remarks place currency costs at the center of the pricing discussion, identifying them as a key factor rather than the sole determinant of what buyers pay.

Saad’s assessment underscores the importance of exchange rates in understanding new-car prices in Egypt.