Al Amal Automotive, BYD and Lada’s local partner, is in talks with bus manufacturer King Long and BYD to begin assembling electric buses at Al Amal’s factory in 10 Ramadan City by 2019, Al Mal reports. Soliman did not provide any details on the expected investment value.
More from Enterprise
Inflation unexpectedly cools, putting rate-cut cycle back in play
The first fall in the headline rate in three months…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Apis Partners has continued appetite for Egypt after closing its third fund at more than double its predecessor
Apis partner Hossam Abou Moussa singles out MNT-Halan as a…