Established in 2018, Raya Auto is a subsidiary of Raya Holding with a total investment of EGP 100 million. Raya Auto is responsible for assembling and operating international modern vehicles brands and introducing them to Egypt's market. Raya Auto acquired a factory with a total built-up area of 8,500 m2, to assemble four, three, and two-wheel light transport vehicles.
Raya Auto is engaged with PIAGGIO Group, Europe’s largest scooter, motorcycle, and commercial light vehicles manufacturer and one of the world leaders in its sector. PIAGGIO models available in Egypt are Ape City, Ape Cargo, and Ape Romanza.
Raya Holding to invest EGP 100 million in making light transport vehicles in Egypt
In line with the Egyptian government’s efforts to fight unemployment by providing job opportunities for young people as well as support small businesses, Raya Holding announced a new project for the assembly and manufacture of light transport vehicles. With an initial investment of EGP 100 million, subsidiary Raya Advanced Manufacturing Co. will spearhead the effort […]