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Pushing ahead with Dabaa nuclear plant construction
PLUS- Kasrawy Group is now the exclusive agent for Chinese electric vehicle brand Avatr
Updated Automotive Industry Development Program slashes local component ratios
The minimum local component ratio for fossil fuel cars was reduced by more than half to 20%
More units at the Robbiki Leather City up for grabs
PLUS- China’s Gaund Holding Group is working towards launching its first floating hotel in Egypt
Auto sales record highest figure in almost three years in May
On a yearly basis, total auto sales in May were up 127.7%.
Turkey’s Şirikçioğlu to establish a USD 20 mn denim factory in Qantara West. PLUS: Egypt-Sudan logistics zone, GB Auto + Changan, Paragon Developments, Norpetco
The factory will create 500 direct jobs and roll out 18 mn tons of raw materials for the textile industry…
Abou Ghaly Motors to locally assemble the UAE’s Sandstorm autos
Abou Ghaly Motors in investing USD 26 mn to set up a factory for the project
Octane lands USD 5.2 mn in fresh funding to support operational, regional growth
The funding round was led by Shorooq Partners, Algebra Ventures, and SC Holdings
Ride-hailing app Arrw secures operating license. PLUS: Real estate funds, Nowpay + United International Holding Company
The company will kick off operations with a three-month trial period in Alexandria and the North Coast
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