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”.