China's SAIC Teams With Mansour Auto to Make Cars in Egypt
Liao Shumin
DATE:  Jun 19 2019
/ SOURCE:  yicai
China's SAIC Teams With Mansour Auto to Make Cars in Egypt China's SAIC Teams With Mansour Auto to Make Cars in Egypt

(Yicai Global) June 18 -- China's SAIC Motor and Mansour Automotive Group, Egypt's largest car seller, will join hands to expand their sales in Egypt, the Middle East and North Africa.

The pair penned an agreement to form a joint venture that will produce and sell SAIC Motor's Morris Garages cars in Egypt, Xinhua News Agency reported. The parties did not disclose the size of investment nor the shareholding ratio.

Partnering with Mansour Automotive will help to introduce SAIC's new products, technologies and patterns to Egypt, Chairman Chen Hong told Xinhua. 

The JV will create 1,000 jobs in Egypt and drive the development of the auto parts industry in the country, said Chairman Mohamed Mansour.

Editor: Emmi Laine 

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Keywords:   SAIC Motor,Mansour Automotive Group