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GB Auto looking to expand beyond Egypt

GB Auto, Egypt's biggest car assembler, has said it hopes cheaper, locally assembled Chinese vehicles and expansion into northern and sub-Saharan Africa will boost its business, as it grapples with the effects of political instability in its main domestic market, Reuters has reported. The company, which began assembling Geely cars at its Prima factory in Cairo, where it also puts together its Hyundai cars, is using its Geely connection to expand into north Africa. "We started in Algeria last month and Libya is starting any minute now ... You'll see recorded sales probably that will be significant by quarter four," said GB Auto's corporate finance and investments director, Menatalla Sadek. "We have an opportunity to replicate our success in Egypt in other countries in north Africa and then, eventually, in sub-Saharan Africa," said Sadek.