Representatives from both companies recently signed a framework agreement. However, key details such as the capital investment and production capacity of the new venture remain undisclosed
During the period from January to September 2023, total Egyptian imports of cars recorded about $1.3 billion, compared to $1.5 billion in the same period of 2022, with a decline amounting to about $213.6
The report highlighted that sales of various types of vehicles, including private cars, buses, and trucks, surged by 31.7% year on year (YoY), reaching a total of 10,415 vehicles
The ministry also introduced a new ticket pricing scheme for passengers traveling more than 23 stops, close to a year since its introduction of tickets for trips passing through 25 stations/stops
The agreement obligated Global Auto to comply with the rules and conditions of the AIDP program
