Al-Nasr Automotive Company announced the establishment of a joint-stock company with a participation rate of 24% and a capital of 10 million dollars with both the Singaporean company Troon Technology and the Emirati U Transit, to fully produce the “minibus”, in addition to a production line to assemble electric bus batteries, according to what was revealed by Khaled Shadid, the president. The CEO of Al-Nasr Automotive Manufacturing Company during a press conference today.
Dr. Mostafa Madbouly, Prime Minister, stressed that the state does not neglect its industrial castles and how to optimally exploit its assets, commenting on the return of Al-Nasr Automotive Company to production again, saying: “Today is a holiday, by God.”
