Sawiris seeks to execute $120M project to convert motorcycles, tuk-tuks to EVs

Updated 12/3/2023 8:34:00 AM
Sawiris seeks to execute $120M project to convert motorcycles, tuk-tuks to EVs

Arab Finance: Egyptian billionaire Naguib Sawiris is planning to implement a project worth at least $120 million to convert fuel-powered motorcycles and tuk-tuks to electric vehicles (EVs), Sawiris told Asharq Business on the sidelines of the COP28 climate summit.

This plan aims to reduce carbon emissions, he noted.

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