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171 Korean projects in Egypt

The total number of Korean projects in Egypt is 171, with a total capital of $ 445m, in the sectors of electronics, textiles, automobile components, chemicals, building materials, new and renewable energy, and construction, according to Raouf Ghabbour, chairperson of the Egyptian side of the Egypt-Korea Business Council and GB Auto CEO. Ghabbour said that …

Daily News Egypt

2017 to witness deflation in car sales, to increase in H2: Ghabbour

The negative impact of the Egyptian pound’s flotation on the automotive sector is not tangible yet, said chairperson of the board of directors at GB Ghabbour Auto, Raouf Ghabbour. He added that the decision reduced the value of Egyptians’ reserves in banks by almost 50%. He believes that the main problem is that Egypt’s economy …

Hisham Salah

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