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The sales in the Egyptian market increased 40% in the first half of 2018 compared to the half of 2017. [18] The best-selling year in the Egyptian automotive industry was 2015, in which 349,100 new vehicles were sold. [19] And the total sales of vehicles in 2005 was 121,437, which was the worst-selling year. [19]
The Nasr was intended to be an affordable car for the average person of means. The company's creation was also part of the general industrialization process initiated after the Egyptian Revolution of 1952, which would see millions of Egyptians flock to urban areas to gain work in newly built factories and industrial centers.
GB Corp is an Egyptian manufacturer of automobiles, buses, trucks and motorcycles located in Cairo. [3] [4] The company was founded in 1960 by the brothers Kamal and Sadek Ghabbour because they realized that the automotive sector was a growing market. In its early days the company was named Ghabbour Brothers.
And as further noted, as car loan interest rates are now averaging well over 6%, this can mean significant long-term costs. In turn Consumer Reports compiled a list of cheap cars — starting at ...
General Motors has a long history serving the Egyptian market, beginning with the import of vehicles into Egypt in 1922 and later establishing the first Middle East office in Alexandria in 1926. General Motors Egypt was established in 1983 as the first private automotive manufacturer in Egypt and commenced production in 1985. GM Egypt Milestones
The Bavarian Auto Group (BAG) was an assembler and distributor of motor vehicles in Egypt.It was founded in 2003, by the Issa Al-Kawari, the financial manager of the Qatari royal family [1] (99%), and Egyptian investor Farid al-Tobgui (1%), who was appointed as BAG's CEO. [2]