{"id":673376,"date":"2025-10-12T00:00:00","date_gmt":"2025-10-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/12\/saudi-bugshan-is-eyeing-our-auto-market\/"},"modified":"2025-10-12T00:00:00","modified_gmt":"2025-10-12T00:00:00","slug":"saudi-bugshan-is-eyeing-our-auto-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/12\/saudi-bugshan-is-eyeing-our-auto-market\/","title":{"rendered":"Saudi Bugshan is eyeing our auto market"},"content":{"rendered":"<p class=\"tag-border-left\">AUTOMOTIVE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Saudi conglomerate <\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.badrbugshan.com\/\" style=\"\" rel=\"noopener\">Bugshan Group<\/a><\/strong><strong> is eyeing Egypt\u2019s auto market<\/strong>, as the family-owned company is studying acquiring dealerships that sell and provide after-sales services for Chinese vehicles, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/2078962\/%D8%A8%D9%82%D8%B4%D8%A7%D9%86-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%A7%D9%82%D8%AA%D8%AD%D8%A7%D9%85-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing unnamed sources. Bugshan has already held discussions with international car companies about acquiring agency rights in Egypt, but no agreements have been reached. The company may collaborate with local partners to accelerate the project, the sources added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bugshan also likes the idea of local assembly and manufacturing<\/strong>, pointing to the government\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb23ffbb-0e98-4b99-b1f0-390ee1fa8ee5\/updated-automotive-industry-development-program-slashes-local-component-ratios\" style=\"\" rel=\"noopener\">incentive program for localizing the auto industry<\/a>, according to the outlet\u2019s sources.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vodafone Egypt pilots world\u2019s first 50Gbps microwave link:<\/strong> Vodafone Egypt has carried out the world\u2019s first test of a commercial 50Gbps microwave link in partnership with Huawei Egypt and under the supervision of the National Telecom Regulatory Authority\u2019s (NTRA), according to a company statement. The test used the E-Band (80 GHz) spectrum and Full-Duplex technology, which allows data to be sent and received at the same time, improving speed and efficiency. The new link delivers high-capacity data transmission that can support faster mobile and 5G services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cWe are thrilled to be the first to test this advanced global technology for data transmission in Egypt. This achievement reflects our firm commitment to leading the telecommunications market in Egypt and driving technological progress that positions the country as a regional center for innovation in the Middle East and Africa. It also opens new horizons for internet services, enabling reduced operational costs and unmatched data transfer speeds, setting new standards of internet capacity that benefit individuals and enterprises alike,\u201d Vodafone Egypt\u2019s Chief Technology Officer Catalin Buliga said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate developer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/tameer.com.eg\/\" style=\"\" rel=\"noopener\">Tameer<\/a><\/strong><strong> secured a EGP 2.1 bn syndicated loan led by <\/strong><strong>Emirates NBD<\/strong>, which will go toward the company\u2019s Azad Views project, according to a statement from the bank seen by EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Emirates NBD acted as the lead arranger, bookrunner, facility agent, and security agent. SAIB and Al Baraka Bank served as co-arrangers and lenders, while the Industrial Development Bank acted as co-arranger and compensation account bank. Law firm Sarie Eldin & Partners provided counsel to the lenders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Vodafone Egypt pilots world\u2019s first 50Gbps microwave link<\/p>\n","protected":false},"author":1,"featured_media":673377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,144,7106,72,11899,843,142],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-673376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-debt","tag-enterpriseam","tag-tameer","tag-telecoms","tag-vodafone-egypt","wpautop","entry"],"acf":{"mongo_id":"d87a6a1c-c963-4651-92b0-77031e9bb9ed","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1245.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Bugshan is eyeing Egypt\u2019s auto market","related_issue":[673356],"teaser":"PLUS- Vodafone Egypt pilots world\u2019s first 50Gbps microwave link","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.4947d9b1-86e6-4617-aea4-6ad331c90d6e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Sources in the telecoms sector told Youm7\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":555330,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/10\/from-cape-to-cairo\/","url_meta":{"origin":673376,"position":1},"title":"From Cape to Cairo","author":"enterpriseam admin","date":"10 November 2021","format":false,"excerpt":"Vodafone\u2019s South African subsidiary is making a play for Vodafone Egypt: Vodacom has made an initial offer to acquire Vodafone Group\u2019s majority stake in Vodafone Egypt, minority shareholder Telecom Egypt said in a statement in the early hours of this morning.The current shareholder structure: Vodafone Egypt is currently 55% owned\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/391.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569073,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/vodafone-taps-uk-based-linklaters-as-legal-counsel-in-stc-acquisition\/","url_meta":{"origin":673376,"position":2},"title":"Vodafone taps UK-based Linklaters as legal counsel in STC acquisition","author":"enterpriseam admin","date":"12 February 2020","format":false,"excerpt":"M&A WATCH- Vodafone taps UK-based Linklaters as legal counsel in STC acquisition: Vodafone Group has appointed law firm Linklaters to act as legal counsel in its planned sale of a major stake in Vodafone Egypt to Saudi Telecom Company (STC), the local press reports, citing anonymous sources. Vodafone Egypt has\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\/2020\/2\/166.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568841,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/05\/stc-might-be-required-to-submit-a-mandatory-offer-for-100-of-vodafone-egypt\/","url_meta":{"origin":673376,"position":3},"title":"STC might be required to submit a mandatory offer for 100% of Vodafone Egypt","author":"enterpriseam admin","date":"5 February 2020","format":false,"excerpt":"M&A WATCH- STC could be required to submit a mandatory offer for 100% of Vodafone: Saudi Telecom Company (STC) is required by law to submit a mandatory tender offer (MTO) for the 44.8% stake in Vodafone Egypt owned by Telecom Egypt (TE) and the 0.2% held by minority shareholders if\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\/2020\/2\/71.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577220,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/turkish-industrial-giant-eyes-egypts-auto-sector\/","url_meta":{"origin":673376,"position":4},"title":"Turkish industrial giant eyes Egypt\u2019s auto sector","author":"enterpriseam admin","date":"14 November 2022","format":false,"excerpt":"M&A Watch: The Financial Regulatory Authority is examining a voluntary tender offer by Vodacom to acquire 0.05% of Vodafone Egypt for EUR 17.92 a share, it said in a statement (pdf) yesterday. The transaction would see the South African subsidiary acquire 124,600 shares in Vodafone Egypt for almost EUR 2.5\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549161,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/three-gcc-sovereign-funds-have-their-eye-on-tes-stake-in-vodafone-egypt\/","url_meta":{"origin":673376,"position":5},"title":"Three GCC sovereign funds have their eye on TE\u2019s stake in Vodafone Egypt","author":"enterpriseam admin","date":"6 September 2022","format":false,"excerpt":"Could Telecom Egypt\u2019s stake in Vodafone Egypt be in play? The Qatar Investment Authority (QIA), Saudi Arabia\u2019s Public Investment Fund, and Abu Dhabi\u2019s ADQ are all eyeing part of state-owned landline monopoly Telecom Egypt\u2019s stake in Vodafone Egypt, a source with first-hand knowledge of the matter confirmed to Enterprise. Bloomberg\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/123.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/673376","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=673376"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/673376\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/673356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/673377"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=673376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=673376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=673376"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=673376"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=673376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}