Piaggio considers assembling tuk-tuks in Egypt

INVESTMENT WATCH- Is Italy’s Piaggio looking to assemble tuk-tuks in Egypt? Italian motor vehicle manufacturer Piaggio is considering teaming up with local partners to assemble tuk-tuks in Egypt, the head of the Egyptian Auto Feeders Association (EAFA) Ehab Abul Enein tells Al Mal. A Piaggio delegation has just concluded a visit to Egypt, where they met with spare part manufacturers and are already looking for financing to develop the project.

And while we’re on assembling vehicles, with only eight months to go before EU car import tariffs fall to zero, we still don’t know when the German consultancy will conclude its review on the Automotive Directive. Tick tock.