According to bank provided information, the investment involves the provision of a senior loan of up to EGP 175 million (ca. EUR 9 million) to Abou Ghaly Motors ("AGM" or the "Company") to support acquisition of electric vehicles to expand mobility services offered by the Company and meet the growing demand in safe and reliable transportation in Egypt.
The objective of the Project is to support AGM's operational expansion along a low carbon transition pathway through electrification of the Company's fleet, which is expected to have a positive demonstration effect for electric mobility in both the public and private sectors of Egypt.
EBRD Finance Summary
Senior loan of up to EGP 175 million, equivalent to around EUR 9 million.
Total Project Cost
ABOU GHALY MOTORS
AGM is one of the leading providers of integrated mobility solutions as well as car distributors in Egypt. The Company is one of the first Egyptian transport providers to offer public transport services through electric vehicles.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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