Prices of imported products have soared since Egypt devalued its currency in November as part of measures to stimulate the economy. A rickshaw can cost around 38,000 Egyptian pounds ($2,105)and has a 175cc engine, while Omar's mini car costs 34,000 pounds and has 300cc engine. "This is a better alternative to the (rickshaw), more cost-efficient and more spacious," Omar, 35, told Reuters. Since the cost of imports has soared, Omar thinks there may be market for his design. ($1 = 18.0500 Egyptian pounds) (Reporting by Amr Abdallah Dalsh; Writing by Nadine Awadalla Editing by Jeremy Gaunt)

Source: Egypt Independent May 11, 2017 16:30 UTC