The deal is inked between the ministries of military production and local development, and Cairo’s Public Transport Authority to buy the MCV C120 buses with investments worth some EGP 323 million.

The signing ceremony was also attended by senior officials from both ministries and key figures in Cairo governorate, including Karim Ghabbour, chairman of the Manufacturing Commercial Vehicles (MCV) company.

Shaarawy lauded the government’s efforts for developing the national industry of vehicles running on natural gas and electricity under the directives of President Abdel Fattah El Sisi in preparation for the UN Climate Change Conference, COP27, to be hosted by Sharm El Sheikh in November.

The deal is part of preparations to operate electric vehicles in Shram El Sheikh during and after the conference to ferry participants at this event with the new buses.

The new buses, to be named “SETIBUS”, shall be equipped with all means of comfort.

For his part, Morsi said the ministry has made great progress in manufacturing electric buses over the past years under Sisi’s directives.