A delegation from the Arab Organization for Industrialization (AOI) and holding companies met with major Chinese electric bus manufacturers in Shanghai last week, Trade Commissioner for Egypt in Shanghai Matar Al Mowafy said, according to Al Mal. Talks between the two sides focused on possible cooperation to assemble electric buses in Egypt at AOI facilities, Al Mowafy said. The Chinese companies agreed to grant Egypt one bus to use as a model during manufacturing.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…