Al- Mansour group sales to grow by about 20% YoY in 2020: COO

  • Date: 04-Feb-2020
  • Source: Daily News Egypt
  • Sector:Transport
  • Country:Egypt
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Al- Mansour group sales to grow by about 20% YoY in 2020: COO

Al- Mansour group sales to grow by about 20% YoY in 2020: COO - Daily News Egypt. Group to launch three to four new products in 2020, including the MG5 that launched at December end. Al-Mansour Automotive group is expecting the Egyptian automotive market to grow by about 15% in 2020 versus 2019, according to Ankush Arora, chief operating officer (COO) at Mansour Automotive.. "As the economy continues to improve, and that the Egyptian pound continues to be stable, I expect the group sales in Egypt to grow by 15 to 20% in comparison to 2019, " he said in an interview with Daily News Egypt.. Our sales of Opel grew by 42% versus 2018, selling more than 8,300 vehicles.. Sales of MG also increased substantially versus 2018, at 4,500 vehicles.. And as part of our five-year plan, we committed to investing close to EGP800m in expansion of our facilities to provide better service to the customers.. As part of our plan, we opened up a new facility in new Cairo for Chevrolet and Opel, a new facility in Abou Rawash & Nasr City for Peugeot.. We continue to expand and continue to invest in new facilities so that we