Mercedes-Benz seeks resuming production in Egypt - News Summed Up

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Mercedes-Benz seeks resuming production in Egypt


Mercedes-Benz A-class cars are displayed in a dealership of German car manufacturer Daimler in Paris, July 30, 2013. REUTERS/Christian HartmannBERLIN - 12 January 2019: Mercedes-Benz looks forward to resuming production in Egypt soon, said a senior official of the German company on Friday.The global vehicle manufacturer also considers additional models in Egypt, Markus Schafer, Member of the Divisional Board of Mercedes-Benz Cars, told Egyptian Prime Minister Mostafa Madbouli, who is visiting Berlin.Madbouli said that Cairo seeks cooperation with Mercedez-Banz to manufacture self-driving and electric cars. He suggested the company to dispatch a delegation to Egypt to mull investment opportunities.He cited new investment incentives and Egypt's free trade agreements with several countries.


Source: Egypt Today January 12, 2019 09:22 UTC



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