Four players to invest EGP 417 mn in new service centers and showrooms

Four auto players intend to invest a collective EGP 417 mn in new service centers and showrooms, Al Mal reports. Ezz El-Arab Automotive Group is planning to allocate EGP 100 mn this year to establishing new service centers in Cairo and Alexandria, the company’s chairman tells the newspaper, as he expects auto sales to climb 20% this year. Also investing in new service centers and showrooms are El Masria, with EGP 200 mn allocated to the plan, Arabiat (Ssangyong) with EGP 80 mn, and Abu Hetta — a Toyota, Kia, and Mitsubishi distributor — who will invest EGP 37 mn in new service centers and three new showrooms this year.