The total investments of Bavarian Auto Group in Egypt have reached US$ 300 million, its chairman told Amwal Al Ghad Tuesday on the sidelines of the second annual Egypt Automotive summit.
The Bavarian Auto Group is considered one of the largest companies working in assembling and selling cars in Egypt. It is the agent of BMW, Mini, Brilliance, JinBei, Great Wall, and Mahindra brands, and assembles most of BMW’s models in its 6th of October City factories.
The company began operating in Egypt in 2003. At the beginning, it assembled only one car model. However, it was able to become a large entity in the world of local cars in a short period. It was able to assemble more than one model, whether for BMW’s products, or other products, and became one of the largest five in the field of selling and assembling cars in Egypt and the Middle East, especially after making several expansions and pumping direct investments during the period it operated in the local market, which is more than 10 years.
Farid El Tobgui further said Egypt has a promising automotive market in which BAG plans to expand and boost its investments within 2016.
The second annual Egypt Automotive summit, organised by Business News, has kicked off Tuesday, entitled the Future of Investment and Opportunities for the Automotive Sector and Feeder Industries.
