Mansour Group, Scope, Groupe PSA officially launch Peugeot distribution in Egypt

Mansour Group, Scope, Groupe PSA officially launch their Peugeot distribution operation in Egypt: Mansour Group, Dubai-based Scope Investment, and French car manufacturer Groupe PSA have officially launched their new partnership to distribute Peugeot cars in Egypt by releasing two new models, Mansour Group CEO Adel Khedr told Al Mal on the sidelines of a Sunday press conference. The Mansour-Scope partnership is investing USD 50 mn this year in Peugeot showrooms and after-sale services centers, according to Khedr. They aim to sell 5,000 Peugeot cars this year, with plans to export to Libya, Iraq, Uganda, and other regional countries. Local companies El Saba Automotive, El Seoudi Group, Wahdan Auto Group, and Nour El Din El Sherif for Trading Vehicles were chosen in January to help provide after-sale services. Mansour Group and Scope Investment had clinched the distribution rights to Peugeot cars from Cairo For Development and Cars Manufacturing (CDCM), which is suing the Peugeot-Citroen arm of Groupe PSA for unexpectedly ending their 41-year-old partnership last November.