The Public Transport Authority will issue a tender for 200 new buses as part of its plan to overhaul its fleet, Al Mal reports. MCV Mercedes-Benz and SMG Engineering Automotive are among the companies that will bid for the contract. SMG aims to bid for the full shipment and might be partnering up with a manufacturer to produce the buses locally, Chairman Ibrahim Ghattas says.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…