{"id":563851,"date":"2021-07-26T04:00:35","date_gmt":"2021-07-26T04:00:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/mercedes-benz-to-set-up-ain-sokhna-logistic-center\/"},"modified":"2021-07-26T04:00:35","modified_gmt":"2021-07-26T04:00:35","slug":"mercedes-benz-to-set-up-ain-sokhna-logistic-center","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/mercedes-benz-to-set-up-ain-sokhna-logistic-center\/","title":{"rendered":"Mercedes-Benz to set up Ain Sokhna logistic center"},"content":{"rendered":"

Mercedes-Benz will set up a logistics center in Ain Sokhna under an agreement with the<\/strong> Suez Canal Economic Zone (SCZone), <\/strong>according to a statement<\/a>. Established within the SCZone, this is a step forward to support the auto industry in the area, SCZone Chairman Yehia Zaki said. The center will include a car storage facility and maintenance facility.<\/p>\n

A precursor to something bigger?<\/strong> Government sources told us in October that the German auto giant could soon resume assembling passenger cars<\/a> in Egypt following a five-year hiatus. We haven\u2019t heard anything from the company or the government since.<\/p>\n

Pioneers <\/strong>board <\/strong>signs off on three-way split:<\/strong> Pioneers Holding shareholders approved on Saturday plans to split the firm into three separate entities focused on financial services, real estate and industrial development each, the company said in an EGX filing (pdf)<\/a>. The vertical spin-off \u2014 first announced in 2019<\/a> \u2014 will see a split of the company\u2019s real estate and industrial investment businesses into subsidiaries Pioneers Properties and Gadwa Industrial Developments, with Pioneers Holding remaining the parent company and financial services arm.<\/p>\n

Egypt is still trying to extradite Mohamed Ali: <\/strong>An Egyptian court has called on Interpol<\/strong> to issue an order for the arrest of exiled contractor \/ dissident<\/strong> Mohamed Ali<\/a><\/strong> and two others on charges of spreading fake news and joining an illegal group. In 2019, a series of viral videos by Ali alleging that officials had misused public funds led to a wave ofsmall anti-government protests<\/a> around the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mercedes-Benz will set up a logistics center in Ain Sokhna under an agreement with the Suez Canal Economic Zone (SCZone), according to a statement. Established within the SCZone, this is a step forward to support the auto industry in the area, SCZone Chairman Yehia Zaki said. The center will include a car storage facility and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,144,72,503,145,131,3526,3307,83,7103,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563851","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-enterpriseam","tag-financial-services","tag-logistics","tag-manufacturing","tag-mercedes-benz","tag-pioneers-holding","tag-real-estate","tag-suez-canal","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"7956da4f-7e0f-408c-8725-8af55fb61139","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[563833],"teaser":"","voice_url":""},"yoast_head":"\nMercedes-Benz to set up Ain Sokhna logistic center - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/mercedes-benz-to-set-up-ain-sokhna-logistic-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercedes-Benz to set up Ain Sokhna logistic center\" \/>\n<meta property=\"og:description\" content=\"Mercedes-Benz will set up a logistics center in Ain Sokhna under an agreement with the Suez Canal Economic Zone (SCZone), according to a statement. 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He said that the company had cleared their \u201ctax hurdles\u201d in Egypt and will launch operations \u201csoon,\u201d according to Al Mal. 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SCZone Chairman Mohab Mamish had announced last month that Mercedes-Benz will be\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641611,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/mercedes-benz-allocated-assembly-line-space-in-sczone-but-spokesperson-refuses-to-confirm-it-will-assemble-here\/","url_meta":{"origin":563851,"position":2},"title":"Mercedes Benz allocated assembly line space in SCZone, but spokesperson refuses to confirm it will assemble here","author":"enterpriseam admin","date":"27 September 2017","format":false,"excerpt":"INVESTMENT WATCH- Is Mercedes-Benz really back? The automaker, which suspended assembly in Egypt in 2015 as the FX crisis deepened, has apparently agreed to reopen assembly operations in Egypt, Suez Canal Economic Zone (SCZone) Chairman Mohab Mamish announced in a presser on Tuesday to much fanfare. He added that 96,000\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548744,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/","url_meta":{"origin":563851,"position":3},"title":"SCZone, DP World Sokhna partner up for new logistics service zone","author":"enterpriseam admin","date":"21 August 2022","format":false,"excerpt":"A new logistics zone in Sokhna: The Suez Canal Economic Zone\u2019s (SCZone) Main Development Company (MDC) and DP World Sokhna have signed an agreement to build a USD 80 mn logistics zone at Sokhna Port, a statementby the SCZone read.The details: Construction on the first phase of the zone will\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575519,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/siemens-energy-inaugurates-training-academy-and-service-center-at-sczone\/","url_meta":{"origin":563851,"position":4},"title":"Siemens Energy inaugurates training academy and service center at SCZone","author":"enterpriseam admin","date":"18 October 2020","format":false,"excerpt":"Siemens Energy inaugurated a training academy and service center on Thursday in Ain Sokhna at the Suez Canal Economic Zone, the company said in a statement. The service center combines a repair center, a tooling center and a spare-parts warehouse, along with the Egyptian German Technical Academy, which will serve\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595881,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/egypts-sca-sczone-reach-final-agreement-with-uaes-dp-world-for-sokhna-jv\/","url_meta":{"origin":563851,"position":5},"title":"Egypt\u2019s SCA, SCZone reach final agreement with UAE\u2019s DP World for Sokhna JV","author":"enterpriseam admin","date":"8 August 2019","format":false,"excerpt":"The Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCZone) have reached a final agreement with DP World on setting up a joint venture to develop 45 sqm in Ain Sokhna, SCA boss Mohab Mamish said at a press conference. 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