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Haier Smart Home Co., Ltd., a subsidiary of the Haier Group, invests 135 million U.S. dollars to build the Haier Egypt Ecological Park.

Investments in this field to contribute to reducing the use of fossil fuel and carbon emissions and achieving the sustainable development goals.

In a statement on Saturday, Gendy said the initiative was launched in response to requests of the Egyptian expatriates to bring cars from abroad.

Only 4.2k vehicles were sold, marking a decrease of 43 percent compared to the previous month.

The Egyptian Cabinet approved in principle in July an investment plan by the French company Alstom to establish two factories in Alexandria.

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