The Public Enterprises Ministry has received offers from 12 international companies to invest in two ailing state-owned automotive manufacturers, Minister Hisham Tawfik said, according to Masrawy. Tawfik did not mention any of the potential investors’ names, but added that four of them specialize in tire manufacturing. The plans to revive the state-owned companies come as part of the government’s strategy to step up vehicle manufacturing and pave the way for exporting.

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