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Monday, 21 January 2019

Mercedes-Benz says new policies, clarity were behind its return to Egypt

Mercedes-Benz says new policies, clarity were behind its return to Egypt: New policies adopted by the Madbouly government provided clarity for car makers and encouraged Mercedes-Benz to return to the market with an assembly plant, Mercedes-Benz Egypt CEO Thomas Zorn said, according to a Trade and Industry Ministry statement. The statement said Zorn agreed with Minister Amr Nassar during a meeting on Sunday to form a committee of senior officials from the ministry to ensure that Mercedes assembly line is up and running as soon as possible. Nassar said his ministry is in talks with other major carmakers to bring them to Egypt with similar manufacturing facilities. Daimler said in a statement this weekend that it plans to build a new assembly plant for Mercedes-Benz in Egypt, but did not disclose the size of the investment or the time frame for the project.

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