Egyptian Prime Minister Mostafa Madbouly on Tuesday witnessed the signing ceremony of a memorandum of understanding on the localization of the automotive and feeding industries in the industrial zone of East Port Said. Egypt plans to have the complex at a capacity to manufacture 75,000 vehicles annually for its first stage, and establish the EPAZ joint vehicle manufacturing complex. The MoU was signed between the General Authority for the Economic Zone of the Suez Canal, the Sovereign Fund of Egypt, East Port Said Development Company and the Egyptian International Motors Company. The signatures were from Yahya Zaki, President of the Suez Canal Economic Zone, Ayman Soliman, Executive Director
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