ATM Misr, King Long launch bus factory in Egypt at LE1B

Alarabia for Trading, Manufacturing, and Transportation Services (ATM Misr) and China's King Long launched Tuesday a factory for the productions of buses and other types of vehicles with investments worth LE1 billion.

The factory spans over 164,000 feddans, its production capacity in the first year is 500, and provides employment for 12,000. The local component is 60 percent, and the production will be targeted at GCC countries and North Africa.

In a similar context, the Ministry of State for Military Production announced in June 2021 finishing the production of the first locally made electric bus in collaboration with Manufacturing Commercial Vehicles Co. (MCV), a private firm that has been producing buses for 25 years.

The minister clarified that the local component in that bus is 60 percent. He elaborated that the design was made by Egyptian engineers, and that the exterior and interior of the skeleton were manufactured in Egyptian factories. Those include windows, tires, chairs, fibers, and the metal body.