{"id":638341,"date":"2017-10-02T03:40:58","date_gmt":"2017-10-02T03:40:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/geyushi-motors-in-talks-to-buy-egp-200-mn-auto-plant\/"},"modified":"2017-10-02T03:40:58","modified_gmt":"2017-10-02T03:40:58","slug":"geyushi-motors-in-talks-to-buy-egp-200-mn-auto-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/geyushi-motors-in-talks-to-buy-egp-200-mn-auto-plant\/","title":{"rendered":"Geyushi Motors in talks to buy EGP 200 mn auto plant"},"content":{"rendered":"<p>Egypt\u2019s agent for China\u2019s FAW Group, Geyushi Motors, is in talks to acquire an auto plant in 10 Ramadan City for EGP 200 mn, to begin assembling company models locally, a source close to the <a href=\"http:\/\/almalnews.com\/Story\/347741\/18\/%D8%AC%D9%8A%D9%88%D8%B4%D9%89-%D9%85%D9%88%D8%AA%D9%88%D8%B1%D8%B2-%D8%AA%D8%B1%D8%B5%D8%AF-200-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%B9%D9%84%D9%89-%D9%85%D8%B5%D9%86%D8%B9-%D8%AA%D9%85%D8%B3%D8%A7\">negotiations tells Al Mal<\/a>. Operations at the 80k sqm facility, which would allow Geyushi to begin production almost immediately, had been halted in 2013. FAW had <a href=\"https:\/\/enterprise.press\/stories\/2017\/09\/10\/chinese-companies-announced-planned-investment-in-egypt\/\">announced in early September<\/a> its intention to build a minibus and pickup truck assembly factory that could serve the local market and also export to neighbors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s agent for China\u2019s FAW Group, Geyushi Motors, is in talks to acquire an auto plant in 10 Ramadan City for EGP 200 mn, to begin assembling company models locally, a source close to the negotiations tells Al Mal. Operations at the 80k sqm facility, which would allow Geyushi to begin production almost immediately, had [&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],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638341","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"d95f5a87-6177-4775-9905-9807129579df","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[638298],"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>Geyushi Motors in talks to buy EGP 200 mn auto plant - 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\/2017\/10\/02\/geyushi-motors-in-talks-to-buy-egp-200-mn-auto-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Geyushi Motors in talks to buy EGP 200 mn auto plant\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s agent for China\u2019s FAW Group, Geyushi Motors, is in talks to acquire an auto plant in 10 Ramadan City for EGP 200 mn, to begin assembling company models locally, a source close to the negotiations tells Al Mal. Operations at the 80k sqm facility, which would allow Geyushi to begin production almost immediately, had [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/geyushi-motors-in-talks-to-buy-egp-200-mn-auto-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-02T03:40:58+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\/2017\/10\/02\/geyushi-motors-in-talks-to-buy-egp-200-mn-auto-plant\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/geyushi-motors-in-talks-to-buy-egp-200-mn-auto-plant\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Geyushi Motors in talks to buy EGP 200 mn auto plant\",\"datePublished\":\"2017-10-02T03:40:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/geyushi-motors-in-talks-to-buy-egp-200-mn-auto-plant\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"EnterpriseAM\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/geyushi-motors-in-talks-to-buy-egp-200-mn-auto-plant\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/geyushi-motors-in-talks-to-buy-egp-200-mn-auto-plant\/\",\"name\":\"Geyushi Motors in talks to buy EGP 200 mn auto plant - 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Under the agreement, Geyushi will also establish a new factory in Egypt to assemble FAW\u2019s cars locally and export them to Africa and the Middle East, according to Geyushi\u2019s chairman.","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":602540,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/geyushi-motors-to-sell-chinese-buses-worth-egp-356-mn-to-state-company\/","url_meta":{"origin":638341,"position":1},"title":"Geyushi Motors to sell Chinese buses worth EGP 356 mn to state company","author":"enterpriseam admin","date":"31 March 2019","format":false,"excerpt":"The Holding Company for Maritime and Land Transport and Geyushi Motors, the local agent of China\u2019s Yutong, signed on Thursday an agreement that will see Geyushi supply 125 buses at a cost of c.EGP 356 mn, Geyushi Motors Chairman Mohy El Din Geyushi told the local press.","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":622835,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/geyushi-motors-chinas-yutong-to-supply-egypt-with-900-buses-over-three-years\/","url_meta":{"origin":638341,"position":2},"title":"Geyushi Motors, China\u2019s Yutong to supply Egypt with 900 buses over three years","author":"enterpriseam admin","date":"14 October 2018","format":false,"excerpt":"Engineering Automotive Manufacturing, a subsidiary of the Holding Company for Maritime & Land Transport, signed a contract with Geyushi Motors and China\u2019s Yutong that will see them supply it with 900 buses over the next three years. The first batch of 150 buses, which will cost EGP 2.6 mn each,\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":623085,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/geyushi-plans-to-set-up-production-line-to-manufacture-fao-cars\/","url_meta":{"origin":638341,"position":3},"title":"Geyushi plans to set up production line to manufacture FAO cars","author":"enterpriseam admin","date":"21 October 2018","format":false,"excerpt":"Egypt\u2019s Geyushi Motors aims to set up a production line to manufacture FAO cars, said sources from Egypt Automotive. The sources did not disclose the expected investment value of the planned production line. Geyushi had signed a strategic cooperation agreement with China\u2019s FAO last year to sell its cars in\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646933,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/03\/a-brazilian-logistics-zone-in-sczone-plus-news-from-cib-geyushi\/","url_meta":{"origin":638341,"position":4},"title":"A Brazilian logistics zone in SCZone? PLUS: News from CIB, Geyushi","author":"enterpriseam admin","date":"3 October 2024","format":false,"excerpt":"The zone would act a hub to import corn, soybeans, sugar, and other products","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/252.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627867,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/is-this-100-arab-car-thing-legit-and-will-it-be-produced-in-egypt\/","url_meta":{"origin":638341,"position":5},"title":"Is this \u201c100% Arab car\u201d thing legit? 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