{"id":602755,"date":"2019-04-04T03:46:19","date_gmt":"2019-04-04T03:46:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/raya-to-cut-tuk-tuk-production-acquire-van-agency\/"},"modified":"2019-04-04T03:46:19","modified_gmt":"2019-04-04T03:46:19","slug":"raya-to-cut-tuk-tuk-production-acquire-van-agency","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/raya-to-cut-tuk-tuk-production-acquire-van-agency\/","title":{"rendered":"Raya to cut tuk-tuk production, acquire van agency"},"content":{"rendered":"<p>Raya Holding is looking for an Indian or Chinese van manufacturer in search of a seven-seater passenger van after the Industrial Development Authority\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/01\/egypts-industrial-development-authority-suspends-licensing-for-tuk-tuk-makers\/\">decision to stop handing out licenses<\/a> to tuk-tuk manufacturers and assemblers. Raya CEO Medhat Khalil said he expects the agreement to materialize by the end of the year. The news comes as the company <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/228488_1.pdf\">told the EGX (pdf)<\/a> it was cutting its forecast for tuk-tuk production to 20k from 200k.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raya Holding is looking for an Indian or Chinese van manufacturer in search of a seven-seater passenger van after the Industrial Development Authority\u2019s decision to stop handing out licenses to tuk-tuk manufacturers and assemblers. Raya CEO Medhat Khalil said he expects the agreement to materialize by the end of the year. The news comes as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9291],"tags":[2370,72,3707,207,3132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602755","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","tag-raya-holding-for-financial-investments","tag-transport","tag-tuktuks","wpautop","entry"],"acf":{"mongo_id":"f1593115-88b5-4799-ad8b-9eb214d72508","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602720],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Raya to cut tuk-tuk production, acquire van agency - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/raya-to-cut-tuk-tuk-production-acquire-van-agency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya to cut tuk-tuk production, acquire van agency\" \/>\n<meta property=\"og:description\" content=\"Raya Holding is looking for an Indian or Chinese van manufacturer in search of a seven-seater passenger van after the Industrial Development Authority\u2019s decision to stop handing out licenses to tuk-tuk manufacturers and assemblers. Raya CEO Medhat Khalil said he expects the agreement to materialize by the end of the year. The news comes as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/raya-to-cut-tuk-tuk-production-acquire-van-agency\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-04T03:46:19+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/raya-to-cut-tuk-tuk-production-acquire-van-agency\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/raya-to-cut-tuk-tuk-production-acquire-van-agency\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya to cut tuk-tuk production, acquire van agency\",\"datePublished\":\"2019-04-04T03:46:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/raya-to-cut-tuk-tuk-production-acquire-van-agency\/\"},\"wordCount\":82,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"EnterpriseAM\",\"Raya Holding for Financial Investments\",\"transport\",\"Tuktuks\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/raya-to-cut-tuk-tuk-production-acquire-van-agency\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/raya-to-cut-tuk-tuk-production-acquire-van-agency\/\",\"name\":\"Raya to cut tuk-tuk production, acquire van agency - 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Under the new partnership, Raya\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635925,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/smart-tuk-tuk-unveiled\/","url_meta":{"origin":602755,"position":1},"title":"Smart Tuk Tuk unveiled","author":"enterpriseam admin","date":"17 December 2017","format":false,"excerpt":"Egy-Tech Engineering introduced a mini vehicle that is being dubbed the \u201csmart tuk tuk,\u201d according to the Egypt Independent. The four-seater comes in two models: a 150 cc model costing EGP 17,490 and a 250 cc version costing EGP 30k. The little cars are manufactured entirely in Egypt with the\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/12\/1392.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624938,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/tuk-tuk-drivers-given-conditions-to-be-allowed-to-be-licensed\/","url_meta":{"origin":602755,"position":2},"title":"Tuk-tuk drivers given conditions to be allowed to be licensed","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"Local Development Minister Mahmoud Shaarawy approved a decision that requires tuk-tuk drivers to offer set fares to customers, after registering their vehicle and obtaining a permit to operate in designated routes, ministry spokesperson Khaled Kassem said, according to Al Shorouk. 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In a receipt-less\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605261,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/careem-launches-tuk-tuk-trials-in-cairo\/","url_meta":{"origin":602755,"position":4},"title":"Careem launches tuk-tuk trials in Cairo","author":"enterpriseam admin","date":"26 December 2018","format":false,"excerpt":"Careem has rolled out a trial run of its tuk-tuk service in parts of Cairo, according to Youm7. The report comes only weeks after the ride-hailing app launched bus services in the Egyptian capital and delivery services in Saudi Arabia and the UAE, and announced its intention to invest between\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594889,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/finmin-to-study-govt-tuk-tuk-plan-over-the-coming-three-weeks\/","url_meta":{"origin":602755,"position":5},"title":"FinMin to study gov\u2019t tuk-tuk plan over the coming three weeks","author":"enterpriseam admin","date":"10 September 2019","format":false,"excerpt":"The Finance Ministry is going to \u201cstudy\u201d the government\u2019s plans to replace tuk-tuks with minivans, Minister Mohamed Maait said yesterday, according to Al Masry Al Youm. Prime Minister Moustafa Madbouly said last week the government plans to crack down on the three-wheelers by having tuk-tuk manufacturers switch their production lines\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=602755"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602755\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602720"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602755"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602755"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}