Nov 3, 2008, 5:23 PM

SAIPA exports Pride 132 to Egypt

TEHRAN, Nov. 3 (MNA) – The managing director of Iranian automaker SAIPA here on Monday stated that the first batch of Pride 132 cars was exported to Egypt.

According to IRIB, Mehrdad Bazrpash said that the company envisions exporting 27,000 vehicles within the next five years to Egypt.

He added that the African markets are the major destinations for the company’s car exports, noting that the company is exporting to 15 countries that will be increased to 30 countries by mid March 2011.

He said that within the next two years, SAIPA will launch two factories, one in Egypt and one in a Central Asian state.

NK/MRK

END

MNA

News Code 30618