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FINANCIAL NEWS
France aims to establish car factory in Egypt
13 Jun 2016
(MENAFN) A French auto maker aims to setup car assembly factory in Egypt in the coming period, which is set to operate using high rates of locally manufactured components.
Furthermore, the firm also plans to contract with Egyptian companies to produce automotive components in order to cover needs of the mother firm in France.
In addition, the automotive industry is an important one to which the government aims to develop to attract global firms to invest in Egypt.
Meanwhile, the French firm plans to invest in Egypt as it sent two missions to Egypt in Feb and April to study investments in automotive and industries fields.
More News
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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