INVESTMENT WATCH- Suez Canal Economic Zone (SCZone) Chairman Mohab Mamish is still saying that Mercedes-Benz had approved establishing a regional logistics and distribution hub in the zone. He said that the company had cleared their “tax hurdles” in Egypt and will launch operations “soon,” according to Al Mal. There has been no official confirmation from the company since Mamish first announced the auto maker was making a comeback in Egypt back in September. Mercedes said at the time it was still considering the move. Mamish is set to travel to Germany and the UK at the end of the month to drum interest in SCZone.

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