World Bank President Ajay Banga Visits Geyushi Automotive Industries to Review Landmark Electric Bus Program for Cairo

03 Mar, 2026

Geyushi Automotive Industries, a leading manufacturer in Egypt’s automotive sector, welcomed Mr. Ajay Banga, President of the World Bank, to its advanced manufacturing facility in 10th of Ramadan City, where he reviewed progress on a major fully electric bus initiative supporting cleaner air and modern public transport in Cairo.

Mr Banga was accompanied by a delegation of World Bank officials and senior Egyptian government representatives, including the Governor of Cairo and the Chief Executive Officer of the Cairo Transport Authority. The visit focused on a World Bank supported program provided to the Government of Egypt, through the Ministry of Environment, aimed at enhancing air quality in Greater Cairo through a series of sustainability driven projects focused on reducing carbon emissions and minimizing the city’s overall carbon footprint, including the introduction of one hundred electric twelve meter city buses that will join the Cairo Transport Authority fleet and operate with zero emissions.

Geyushi Automotive Industries, in partnership with the Chinese technology provider Zhongtong,was awarded the contract following a tender issued through the Ministry of Environment under the World Bank supported framework. Manufacturing is underway to deliver the new fleet for operation across the capital.

During the visit, Mr Banga and the delegation toured Geyushi’s 100,000 square meter facility, reviewed key production stages, and observed the company’s manufacturing capabilities and quality systems. A central highlight was the inspection of the first completed electric bus produced under the program. The delegation also reviewed Geyushi’s broader portfolio of commercial vehicles, developed in collaboration with international partners and technology providers from Europe, Asia, and the Americas.

The program is already generating meaningful socio economic benefits, including the expansion of Geyushi’s workforce to meet production requirements, stronger cooperation with Egyptian suppliers through technical development and increased localization, and the transfer and localization of fully electric vehicle technology, supporting Egypt’s positioning as a regional hub for sustainable transport manufacturing.

Mr Khaled Geyushi, Chief Executive Officer of Geyushi Automotive Industries, said,

“We are honored to welcome Mr Ajay Banga to our facility and to share the progress of this important national project. This program supports improved air quality in Cairo and strengthens the foundation for sustainable public transportation in Egypt. At Geyushi, we are committed to delivering world class, environmentally responsible mobility solutions aligned with Egypt’s priorities and the broader global sustainability agenda. We are increasing investment in green energy research and development to advance the localization of key electric vehicle components, including energy storage batteries and lightweight sustainable composite materials. To support long term growth in electric bus manufacturing, the company will add 40,000 square meters to its existing factory footprint dedicated to expanding electric bus production.”

World Bank President Ajay Banga Visits Geyushi Automotive Industries to Review Landmark Electric Bus Program for Cairo

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