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BRIEF-Avtovaz, Kamaz and GAZ Group intend to expand its presence in Egypt
May 28, 2015 / 1:52 PM / 3 years ago

BRIEF-Avtovaz, Kamaz and GAZ Group intend to expand its presence in Egypt

May 28 (Reuters) - Ministry of Industry and Trade:

* Russian automakers Avtovaz, Kamaz and GAZ Group intend to expand its presence in Egypt

* Kamaz, UAZ and GAZ are already negotiating establishing joint ventures with local companies in Egypt

* “We expect that this year the joint venture Avtovaz in Egypt will issue 2.5 thousand cars, and next year, after the completion of modernization of production facilities, not less than 3 thousand cars a year” - minister Denis Manturov said

* Kamaz is considering the organization of assembly production, GAZ group is considering assembling passenger buses in Egypt

Further company coverage:,,, (Gdynia Newsroom)

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