{"id":599832,"date":"2019-01-13T03:37:09","date_gmt":"2019-01-13T03:37:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/mercedes-to-resume-egypt-assembly-soon-senior-exec-says\/"},"modified":"2019-01-13T03:37:09","modified_gmt":"2019-01-13T03:37:09","slug":"mercedes-to-resume-egypt-assembly-soon-senior-exec-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/mercedes-to-resume-egypt-assembly-soon-senior-exec-says\/","title":{"rendered":"Mercedes to resume Egypt assembly \u201csoon\u201d, senior exec says"},"content":{"rendered":"

<\/a> Mercedes-Benz could soon resume the assembly of passenger cars in Egypt<\/b> after a years-long hiatus, production chain boss Markus Schaefer told Prime Minister Moustafa Madbouly, according to a Cabinet statement<\/a>. The meeting came after Schaefer met President Abdel Fattah El Sisi in December<\/a>. The luxury car maker shut down its assembly line in mid-2015<\/a> amid FX shortages and as completely built-up cars (CBUs) were made cheaper in light of falling tariffs on EU cars, which hit zero earlier this month<\/a>. Efforts to bring the company back as part of a 100-200k sqm dedicated auto manufacturing area in the Suez Canal Economic Zone have been ongoing. The company \u201cagreed in principle\u201d in 2017<\/a> to resume assembly.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mercedes-Benz could soon resume the assembly of passenger cars in Egypt after a years-long hiatus, production chain boss Markus Schaefer told Prime Minister Moustafa Madbouly, according to a Cabinet statement. The meeting came after Schaefer met President Abdel Fattah El Sisi in December. The luxury car maker shut down its assembly line in mid-2015 amid […]<\/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":[8572],"tags":[144,168,72,481,131,3526,2380,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599832","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-automotive","tag-diplomacy","tag-enterpriseam","tag-germany","tag-manufacturing","tag-mercedes-benz","tag-speed-round","tag-trade","wpautop","entry"],"acf":{"mongo_id":"0fa8e116-3527-4fb8-9a5b-618d88792103","is_powered_by":true,"section_story_id":"67bf900a-8bb2-42a1-a077-77b246e74c92","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599822],"teaser":"","voice_url":""},"yoast_head":"\nMercedes to resume Egypt assembly \u201csoon\u201d, senior exec says - 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\/2019\/01\/13\/mercedes-to-resume-egypt-assembly-soon-senior-exec-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercedes to resume Egypt assembly \u201csoon\u201d, senior exec says\" \/>\n<meta property=\"og:description\" content=\"Mercedes-Benz could soon resume the assembly of passenger cars in Egypt after a years-long hiatus, production chain boss Markus Schaefer told Prime Minister Moustafa Madbouly, according to a Cabinet statement. The meeting came after Schaefer met President Abdel Fattah El Sisi in December. 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The plant will be built by a \u201clocal business partner\u201d and in collaboration with the Egyptian government. 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