{"id":600085,"date":"2019-01-20T04:09:21","date_gmt":"2019-01-20T04:09:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/mercedes-benz-plans-new-cars-assembly-plant-in-egypt\/"},"modified":"2019-01-20T04:09:21","modified_gmt":"2019-01-20T04:09:21","slug":"mercedes-benz-plans-new-cars-assembly-plant-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/mercedes-benz-plans-new-cars-assembly-plant-in-egypt\/","title":{"rendered":"Mercedes-Benz plans new cars assembly plant in Egypt"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Mercedes-Benz plans new car assembly plant in Egypt:<\/b> German car manufacturer Mercedes-Benz could \u201cstart\u201d a new assembly plant in Egypt, Mercedes-Benz brand owner Daimler said in a statement on Friday<\/a>. The plant will be built by a \u201clocal business partner\u201d and in collaboration with the Egyptian government. The statement does not provide further details on the expected timeline or investment value of the facility. Industry watchers told Al Masry Al Youm<\/a>that the company will likely resume operations through Egyptian German Automotives (EGA), focusing on four-wheel drive vehicles.<\/p>\n

A welcome shot in the arm for the investment climate: <\/b>\u00a0\u201cEgypt is an attractive and competitive location for production and supporting logistics \u2026 With our broad-based product portfolio, our electric initiative as well as our expertise in respect of modern mobility concepts, we are ready to support the Egyptian authorities in related projects,\u201d Markus Sch\u00e4fer, member of the Divisional Board of Mercedes-Benz Cars said in the statement. Daimler sold its stake in 2015<\/a>in the Egyptian German Automotive Company, suggesting at the time that margins were better importing fully-assembled vehicles as preferential custom duties for European cars were coming into effect and the USD shortage was mounting.<\/p>\n

Ittihadiya welcomed the announcement<\/b>, saying it is \u201ca step that reflects the improvement of the investment environment and the performance of business in Egypt.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Mercedes-Benz plans new car assembly plant in Egypt: German car manufacturer Mercedes-Benz could \u201cstart\u201d a new assembly plant in Egypt, Mercedes-Benz brand owner Daimler said in a statement on Friday. The plant will be built by a \u201clocal business partner\u201d and in collaboration with the Egyptian government. The statement does not provide further […]<\/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":[144,72,125,131,3526,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600085","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-automotive","tag-enterpriseam","tag-investment-watch","tag-manufacturing","tag-mercedes-benz","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"59fc46ba-12ee-4fec-ae33-68a236e828f9","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600080],"teaser":"","voice_url":""},"yoast_head":"\nMercedes-Benz plans new cars assembly plant in Egypt - 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\/20\/mercedes-benz-plans-new-cars-assembly-plant-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercedes-Benz plans new cars assembly plant in Egypt\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Mercedes-Benz plans new car assembly plant in Egypt: German car manufacturer Mercedes-Benz could \u201cstart\u201d a new assembly plant in Egypt, Mercedes-Benz brand owner Daimler said in a statement on Friday. The plant will be built by a \u201clocal business partner\u201d and in collaboration with the Egyptian government. The statement does not provide further […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/mercedes-benz-plans-new-cars-assembly-plant-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-20T04:09:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/mercedes-benz-plans-new-cars-assembly-plant-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/mercedes-benz-plans-new-cars-assembly-plant-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mercedes-Benz plans new cars assembly plant in Egypt\",\"datePublished\":\"2019-01-20T04:09:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/mercedes-benz-plans-new-cars-assembly-plant-in-egypt\/\"},\"wordCount\":227,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"automotive\",\"EnterpriseAM\",\"investment watch\",\"Manufacturing\",\"Mercedes Benz\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/mercedes-benz-plans-new-cars-assembly-plant-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/mercedes-benz-plans-new-cars-assembly-plant-in-egypt\/\",\"name\":\"Mercedes-Benz plans new cars assembly plant in Egypt - 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Mercedes-Benz \u201chas agreed in principle\u201d resume car assembly in Egypt, according to a statement by the Suez Canal Development Authority (SCZone) picked up by Al Shorouk. 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