16 September, 2024
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Naguib Sawiris to invest US$150 million to replace tuk-tuks in Egypt with electric vehicles

Egyptian billionaire Naguib Sawiris announced in December that he is currently working on a project to replace existing tuk-tuks, which pose a huge social problem, with another vehicle that runs on an electric motor, through investments amounting to $150 million. Sawiris also announced that the volume of his company’s investments in developing the Pyramids area …

The post Naguib Sawiris to invest US$150 million to replace tuk-tuks in Egypt with electric vehicles appeared first on Egypt Independent.

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