Suez Canal Chief says Mercedes-Benz to establish new facility in economic zone
Mercedes-Benz is set to return to Egypt with a 50,000 square metre distribution facility in the new economic zone near the Suez Canal, Suez Canal Authority Chairman Mohab Mamish said on Tuesday. A Mercedes spokesperson was not immediately able to comment on the agreement about a distribution centre -- although she said no decision had been taken about starting local production of passenger cars in Egypt. “Mercedes is continuously examining conditions in all markets and regions with a view to market growth and sales prospects and adjusts it’s market strategy accordingly,” the spokesperson said. Mamish said the new facility would also be a logistic redistribution centre that will service local and regional markets. Mercedes-Benz ended local production of passenger cars in Egypt in 2015 over fears that free trade agreements the country had signed with the EU would make assembly not profitable in the long run.
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