Mercedes-Benz “agrees in principle” to resume assembling in Egypt

Mercedes-Benz “agrees in principle” to resume assembling in Egypt? Mercedes-Benz “has agreed in principle” resume car assembly in Egypt, according to a statement by the Suez Canal Development Authority (SCZone) picked up by Al Shorouk. The company decision was taken following a meeting between company representatives and SCZone head Mohab Mamish on the sidelines of last week’s International Motor Show 2017 in Frankfurt. The company had closed down its assembly line in mid-2015 amid FX shortages and as the straight import of already assembled vehicles was made easier amid falling tariffs under an EU-Egypt trade liberalization pact.