Prime Minister Mostafa Madbouli and his accompanying delegation on Thursday 16/3/2023 inspected the factory of the Arab Company for Trade, Manufacturing, and Transport Services (ATM Misr) in New Suez City.
Trade and Industry Minister Ahmed Samir said the factory serves as a giant industrial base in the New Suez City.
The minister added this industrial project is carried out in cooperation with Saudi Arabia and China.
The company’s officials said the factory is erected on an area of 164,000 square meters and specialized in manufacturing and assembling different types of buses, with total investments of EGP one billion.
They stated the proportion of the local component of the buses manufactured in the company’s factory reaches 60%, noting the facility’s annual production capacity stands at 500 buses.