Egypt launches new energy vehicle partnership
Egyptian Minister of Investment and International Trade, Mohamed Fared Saleh, announced the launch of a strategic partnership between Az Arab Group of Sweden and ROX Motor International to manufacture new energy vehicles in Egypt. The goal is to boost local manufacturing and increase exports. Production of ROX vehicles is expected to begin in Egypt by 2027, with plans to raise the production capacity to over 80,000 vehicles annually and export more than half of the output to Gulf and African markets. This project reflects international companies’ confidence in the Egyptian economy and aims to establish Egypt as a regional hub for the manufacturing and export of new energy vehicles.
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