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Auto sales fall for the first time in five months in August
The decline was driven by car and bus sales
A Brazilian logistics zone in SCZone? PLUS: News from CIB, Geyushi
The zone would act a hub to import corn, soybeans, sugar, and other products
Auto players promise significant investments in Egypt as localization push continues
Egyptian International Motors and Stellantis pledge major investments in the local auto sector
More locally-made BYD models to come? PLUS: News from USAID, Premium Healthcare, Oppo
The models will include a hybrid and a gasoline-powered model
Al Mansour Automotive to invest USD 100 mn in the local market
The company will use the funds to enhance its local manufacturing capabilities
China’s Dayun wants to start locally assembling passenger EVs, trucks, and light transport vehicles. PLUS: Midar, Cairo 3A, Raya CX
The company’s expansion plans involve establishing new production lines and expanding the percentage of local components used
AstraZeneca to nearly double local pill production by 2028 as part of USD 50 mn plan. PLUS: BAIC Group, Fiat + Dynamic Distribution, Capricorn, Jaz Hotel Group, Ferrum Egypt, NextEra, Makanak, Melee, City Lab
The big pharma giant also wants to localize 80% of units produced at its Egypt plant by 2028
Auto Jameel to assemble up to 15k GAC cars locally: PLUS: Rameda, Vodafone, Ayadi, Entlaq, ACUD, Raya Foods
The company will initially begin producing at third-party production lines, until it establishes its own independent factory within three years
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