Egypt and global economy brief
Egypt signs contract to build electric-battery plant with investments exceeding EGP 2bn
✦Key takeaways
- Egypt signed a contract to establish a plant producing various types of electric batteries, with investments exceeding EGP 2bn.
- The agreement was signed by BME, established by MCV and Auto D, and China’s Contemporary Amperex Technology Limited, the world’s largest electric-battery manufacturer.
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