Three Egyptian companies compete for partnership with Mercedes-Benz

Three Egyptian outfits going head-to-head for Mercedes-Benz partnership: Three local manufacturers have presented competing bids seeking to partner with Mercedes-Benz on the assembly of the German automaker’s cars in Egypt, unnamed industry sources tell Al Masry Al Youm. The story provided no timeline or additional details on the bids of Mercedes’ thinking on the process.

Background: Mercedes-Benz signed a MoU earlier this week with the government to set up an assembly plant in the Suez Canal Economic Zone (SCZone). The luxury car maker had shut down its Egyptian assembly line in mid-2015 amid FX shortages.