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$20 million to produce Renault cars in Egypt
Egypt, Business, 11/2/1999
Egyptian businessmen Mohammed Nosair stated that he will produce French Renault cars in Cairo for the first time at a cost of $20 million and that the first production of these cars will take place in the first half of next year. He said Renault will be a partner in the project with a large share of the capital that is not yet determined and that the prevailing styles in Egypt will be produced, which are Renault and Megane, with a producion capacity of 600 cars annually. He added that he hopes to obtain 10% of the Egyptian market annually.
Previous Stories:
Three new projects in Cairo International Airport
(10/29/1999)
Establishing an industrial Chinese city in Egypt
(10/26/1999)
Egypt seeks foreign investment in projects
(10/21/1999)
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