BYD in Egypt
China’s leading new-energy carmaker BYD announced on October 24 that it would build a monorail transit system in Egypt, the company’s second overseas monorail order.
The Shenzhen-based company has signed an agreement with the government of Alexandria, a coastal city in Egypt, to build a 128-km monorail, the company said.
The cost and other details of the project were not revealed immediately.
BYD has spent around five years and 5 billion yuan ($750 million) to develop the system named Yungui (Skyrail). Monorail trains can run at a