GB Auto aims to invest $1.5 bln in vote of confidence for Egypt
by Michael Georgy

Reuters    Translate This Article
7 January 2015

On 7 January 2015 Reuters reported: Egypt's GB Auto aims to invest $1.5 billion to build two new factories, its chief executive said, in a vote of confidence for the country's political stability. Political turmoil has hammered Egypt's economy since an uprising toppled Hosni Mubarak in 2011. President Abdel Fattah al-Sisi has pledged to get the economy back on track and lure back investors by creating a more business-friendly climate. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

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