MM Group for Industry and International Trade (MTI) is set to invest up to EGP 240 mn — or some EGP 40 mn more than originally planned — to build a new Jaguar Land Rover service center in New Cairo as well as a Bentley center, Chairman Khaled Mahmoud tells Al Mal. The Bentley center planned will include a showroom, a maintenance center, and a spare parts shop. The company has postponed opening a similar 3S center for Ferrari as demand for the product has slowed down. He notes that sales of MTI brands were down 25% y-o-y between January and July, but expects a recovery in 2018.

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