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Wednesday, 23 October 2019

Mercedes-Benz resumes production in Egypt

Ahram Online , Friday 18 Jan 2019
Sisi and Schafer
A file photo of President Sisi (C) Mercedes' Schafer (L in blue) in Cairo in December. (Photo: Egyptian Presidency)
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Mercedes-Benz is resuming production in Egypt, the German company announced on Friday. 

Last week Egypt’s prime minister held a meeting with Markus Schafer, member of the Divisional Board of Mercedes-Benz Cars, during the premier’s visit to Berlin, where Schafer said that his company wanted to resume production in Egypt

President Abdel-Fattah El-Sisi had also met with Schafer in December.

Mercedes-Benz announced it was suspending its relationship with the Egyptian-German Automotive company, which assembles vehicles inside Egypt, two years ago.

The decision came after the company foresaw no economic benefits following the cut of customs on imported cars from the European Union (EU), which reached zero by the start of 2019. 

 

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