ArabFinance: Kayan Egypt for Trading and Investment seeks to raise its sales volume and expand its market share to reach 5,500 vehicles, with growth rates exceeding 40% Year on Year, Daily News Egypt reported.

The new Skoda Octavia 2021 achieved a 'sales boom in a short time,' Nader Nabil, director of the Skoda brand at Kayan Egypt for Trading and Investment, told the news portal.

The company sold more than 500 units of this model in a month, bringing the total to 1,000, he noted.

Kayan earlier announced plans to launch a free logistic zone in Amreya, Alexandria, with an investment cost of EGP 15 million.

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