Establishing an Egyptian - Russian company for the automotive industry

A contract to establish the Egyptian - Russian company for Jeep cars industry is to be signed on April 10 with a capital of 100 L.E with the start of production of this factory to begin in six months.

The proposed project will represent three models of Jeep cars. The Nasr Company for the Egyptian automotive industry is participating in this project.

Ahmed Shiha, head of the council to the company said that "the company will export its product to the Arab and the African markets," clarifying that the three models fit the needs of the Egyptian, Arab and African markets with the same European quality specifications so that the new company can compete against international companies.