Race between Korean and Japanese brands, and absence of the European brands
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Korean cars’ sales in Egypt amounted to EGP 10.3bn during the first 11 months of 2016, with 43,800 units sold. Hyundai Verna remained at the forefront of the Korean car market in Egypt from January until November 2016, selling 10,000 units worth EGP 1.4bn, being the cheapest Korean car in Egypt. Hyundai Tucson came in …
70% deficiency in the market; spare parts for Korean, Chinese, Japanese, European models are absent
Korean brands maintained the top spots of the sales market, and the brands achieved sales of 14,500 units worth EGP 2.46bn, despite the decline of sales by 24.7% compared to 2015.
Korean manufacturers sold 53,700 cars, acquiring about 30% of the total personal car market in Egypt.
South Korean officials congratulated Shoukry on parliamentary elections
Egyptian Embassy organises a seminar to discuss investment prospects in Egypt with Korean businessmen
“All the voters of the constituency took part in voting and 100 percent of them voted for Kim Jong-Un,” the North’s official KCNA news agency said.