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Sunday, 7 July 2019

Raya Auto plans investing EGP 300 mn in making motorcycles and electric vehicles

INVESTMENT WATCH- Raya Auto plans to invest EGP 300 mn in three years: Raya Holding’s automotive unit Raya Auto is planning to invest around EGP 300 mn over the coming three years to manufacture motorcycles and electric vehicles, CEO Tamer Abdel Aziz said, according to the local press. The company has inaugurated the second production line at its 6 October production facility. We reported last week that the company is in talks with three Indian and Chinese companies to cooperate on the manufacturing process.

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