In late In 2008, the company entered a joint venture that has built a state-of-the-art bus assembly plant in Suez with global giant Marcopolo. The partnership has built an 8,000 unit-per-year capacity bus body assembly facility in Suez targeting local and export markets and is a move to capture export opportunities in commercial vehicle manufacturing by leveraging Ghabbour Auto’s quality standards and low-cost, highly-trained workforce.
Most recently, Ghabbour Auto has signed an agreement to serve as the exclusive distributor in Egypt for Iveco Irisbus. GB Polo will make use of the new chassis to serve both local and export markets.
GB Auto an Egyptian group, leading player in the automotive segment has entered an agreement to establish a bus body manufacturing facility in Suez- Egypt, with Marcopolo Brazilian base, leading global bus body manufacturer.
This agreement was consolidated at London on the 6th. June of 2008 through a Joint Venture agreement, and the name of the newly born company is “GBPolo – Bus Manufacturing Company S.A.E.”
In this association 51% of the shares are owned by GB Auto and 49% of the shares owned by Marcopolo, with an equal share & responsibilities in the management . The investment for this project is estimated to be USD 40 million including initial working capital requirements.
Marcopolo's history began in Caxias do Sul/RS in 1949 through the hands of those who believed then and still believe today that innovation is the way to progress.
From the time Marcopolo's founders established our company in a small building, back when it was still called Nicola & Cia., we have had a goal to pursue: to continuously invest in improvement, technology, and expansion. This vision has helped Marcopolo become a worldwide bus-assembly benchmark, with more than 350,000 units produced.