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Egypt Explores BYD Monorail Feasibility

10/22/2017

New energy technology company BYD is excited to announce the possible expansion of its SkyRail monorail to the ancient Egyptian port city of Alexandria, the country’s second largest. A Memorandum of Understanding (MOU) was signed today by General Engineer / Khaled Eleiwa “Chairman of the Alexandria Passenger Transportation Authority” and Mr./ AD Huang “General Manger of BYD Middle East & Africa Auto Sales Division” in the presence of the Top Management team of the Alexandria Passenger Transportation authority and Mr./ Amr Soliman “Vice Chairman & CEO”, Mr./ Yasser Abdallah “General Manager” of Alamal Foreign Trade Co., (BYD’s Agent & Distributor in Egypt), and many media journalists . It is the first time SkyRail is being considered in the African continent.

     

A Memorandum of Understanding is signed by General Engineer / Khaled Eleiwa “Chairman of the Alexandria Passenger Transportation Authority” (Left) and Mr./ AD Huang “General Manger of BYD Middle East & Africa Auto Sales Division”

The proposed project will be planned for the construction of a 128 kilometer track. The potential collaboration comes four years after Alexandria local authorities began exploring options to relieve their city of chronic traffic jams.

     

“Strategic Partnership,” Said General Engineer / Khaled Eleiwa, “BYD has a very strong reputation and reliable image especially in Egypt, we are so glad to have such kind of cooperation step with BYD, and we hope to see the SkyRail operates in Alexandria as soon as possible”.


“BYD’s SkyRail is a clean, affordable and safe way for people to commute. It also utilizes limited road space in towns and cities while minimizing disruption to local communities,” said AD Huang. “Today’s cooperation is a step towards developing wider partnership that we have maintained with Egypt over the past 13 years”.


"Today is a very special day", Said Mr. Amr Soliman, "Today represents the loyal and successful partnership between BYD and Alamal since 2004; we have a full confidence that our cooperation will continue growth from passenger vehicles to all BYD products range".


BYD’s SkyRail is substantially cost saving and quicker to construct compared to a subway, requiring only a fifth of the cost and one third of the construction time. BYD has conducted feasibility studies in more than 100 cities worldwide including the city of Iloilo in the Philippines, and has entered into strategic partnerships with over 10 cities in China. SkyRail is currently operating in Yinchuan, an industrial city in China’s northwest. Construction of BYD SkyRail lines are also expected to begin in 20 cities in 2018.

 

 

 

About BYD

BYD Company Ltd. is a leading high-tech multinational company based in Shenzhen, China. Since its establishment in 1995, BYD has developed solid expertise in rechargeable batteries, becoming a relentless advocate of sustainable development. It has successfully expanded its renewable energy solutions globally with operations in over 50 countries and regions. After 22 years’ development, BYD has created a Zero Emissions Energy Ecosystem – affordable solar power generation, reliable energy storage, cutting-edge electrified transportation and a state of the art monorail. These Four Green Dreams make BYD an industry leader in the energy and transportation sector. BYD is listed on the Hong Kong and Shenzhen Stock Exchange. For more information, please visit www.byd.com


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