Germany's Mercedes-Benz plans assembly plant in Egypt

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Fri, 18 Jan 2019 - 06:06 GMT

FILE - Mercedes-Benz

FILE - Mercedes-Benz

CAIRO, 18 Jan 2019: Mercedes-Benz Cars said Friday 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.

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