The Arab Company for Trade, Manufacturing, and Transport Services ATM Misr inaugurates a factory to assemble transport buses in New Suez City with a total investment of EGP 1bln

The Arab Company for Trade, Manufacturing, and Transport Services ATM Misr inaugurates a factory to assemble transport buses in New Suez City with a total investment of EGP 1bln

Cairo: - ATM Misr celebrated today the launch of its new factory in Ataka, New Suez City that specializes in assembling transport buses, under the auspices of HE. Dr. Mostafa Madbouly, Egyptian Prime Minister. This significant development was made possible due to close collaboration with China's King Long company – a major player on the global bus-manufacturing scene boasting 35 years of experience. Not only does this ambitious project further strengthen ties between Egypt, Saudi Arabia and China; it also reflects ATM Misr’s strategy of supporting and localizing the bus industry in Egypt — in line with the Egyptian government’s efforts to transform Egypt into a distinguished industrial destination that is convenient and attractive to international investors.

The opening ceremony was attended by General Abdel Majid Saqr, Suez Governor, General Mokhtar Abdellatif Chairman of the Board of Directors of the Arab Organization for Industrialization, Eng. AbdelMoneim Emara, Vice President of the New Urban Communities Authority on behalf of the Minister of Housing, Utilities and Urban Communities, and Mr. Zayed Al-Asmar, the Saudi commercial attaché on behalf of the Saudi ambassador. Moreover, leaders of the ATM Misr, including Chairman of the Board of Directors, Dr. Hamed H Al Mutabagani, Managing Director, Mr.