Germany's Mercedes-Benz Plans Assembly Plant in EgyptSource: www.export-egypt.com 1/19/2019, Location: Africa |
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Mercedes-Benz Cars said it is developing plans to open an assembly plant in Egypt.
In a statement, the German automaker added that the plant would be built in cooperation with a local partner. Successful discussions are being held with the Egyptian government to support the project. Board member Markus Schaefer described Egypt as "an attractive and competitive location for production and supporting logistics." The company said it is also offering expertise on modern mobility concepts. "With the planned local assembly we are confident to be able to expand our market position," Markus Schafer, Member of the Divisional Board of Mercedes-Benz Cars, Production and Supply Chain said. "Furthermore, with our broad-based product portfolio, our electric initiative as well as our expertise in respect of modern mobility concepts, we are ready to support the Egyptian authorities in related projects," he added. "In order to optimally respond to market and sales potential, the framework conditions in all markets and regions are constantly monitored and the market strategy is aligned accordingly." The passenger car assembly would be built by a local business partner, the statement read. The planned localization effort is being developed in close collaboration with the Egyptian government and was further concretized in recent successful discussions between Schafer and President Abdel Fattah El Sisi in Cairo and with Prime Minister Mostafa Madbouli in Berlin, it added. There have been talks on important state infrastructure projects with the Egyptian government, Mercedes-Benz said in the statement. "With regard to the new capital in Egypt and the planned new smart cities, Daimler; the parent company of Mercedes-Benz, has offered its expertise in modern mobility concepts, electro-mobility and electric cars as well as autonomous driving, it added. "Detailed agreements have not yet been concluded." Daimler has long been a committed and successful industrial partner in Egypt, the German automaker said. "With its own import and sales organization, a central spare parts warehouse and numerous authorized retailers and workshops in Cairo, Giza, Alexandria and Hurghada, Mercedes-Benz secures more than 1,000 direct and indirect jobs in Egypt," it added. |
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