The Suez Canal Economic Zone’s (SCZone) board reportedly met yesterday to discuss allocating land to Mercedes-Benz, said sources who reiterated that the company is indeed planning a regional logistics and distribution hub in the SCZone, Al Borsa reports. SCZone Chairman Mohab Mamish had announced last month that Mercedes-Benz will be reopening shop in Egypt and that 96,000 sqm had been allocated for them. The company’s last statement said that Mercedes-Benz had not made a decision yet, but was keeping a close eye on all markets for prospective projects.

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