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English news

25-May-2016

Al Amal to manufacture tuk-tuks with 80% local components

Al Amal Group, the official agent in Egypt for China’s BYD and Russia’s Lada, plans to start manufacturing three wheelers (tuk-tuks) at its 10th of Ramadan City plant in the coming period with 80% of the components sourced in Egypt. This is part of the company’s expansion strategy that includes the introduction of new products, said Chairman Hassan Suleiman, adding that the company is targeting to start selling the three-wheelers in 1Q17 with no additional investments needed in its facilities.  (Al Mal)

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