15 March 2014
Source: Middle East Monitor
Following his calls for austerity in the face of the meltdown of the
Egyptian economy, coup leader Abdel Fattah Al-Sisi has bought 1,100 Peugeot cars for army officers.
The Arab Development and Investment Company announced that its
subsidiary Cairo for Development and Car Manufacturing-Peugeot has
signed a contract with the Armed Forces to supply the vehicles, which
have a total value of 103 million Egyptian Pounds. The details of the
deal were reported in Al-Borsa economic magazine. Sources close to the Peugeot dealer said that the order will be delivered within days.
Meanwhile, Al-Sisi repeated his call for austerity measures
during a meeting with young doctors last week. He advised students to
walk to their universities every day to save the cost of transportation
"for the sake of Egypt".
Link: https://www.middleeastmonitor.com/news/middle-east/10323-despite-economic-meltdown-al-sisi-buys-1100-cars-for-army-officers.
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