Mercedes-Benz is making plans of extension and is looking for further locations to establish manufacturing facilities. The premium car maker is currently working on building its next asssembly plant in Egypt, North Africa’s largest economy.
In a statement released at the end of last week, the Mercedes-Benz representatives said that the future passenger car plant is set to be built by an African business partner. The project will be developed in collaboration with the Egyptian government.
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Furthermore, member of the divisional board of Mercedes-Benz Cars, Markus Schaefer, disclosed that he recently held „successful discussions” with the President of Egypt, Abdel Fattah El-Sisi, and Prime Minister Mostafa Kemal Madbouly.
He deemed Egypt as an „attractive and competitive location for production and supporting logistics” and said that having an assembly plant there would enable Mercedes-Benz in the company’s mission to expand its market position in Norther Africa.
Mercedes-Benz is also working with the Egyptian government in order to provide expertise and help Cairo develop in terms of modern mobility, electric cars and autonomous driving infrastructure. The details of the agreements have not yet been released.
The project is financed by a $12 billion loan from the International Monetary Fund from 2016. Egypt was ranked as the 40th largest auto producer worldwide, out of the 41 countries surveyed covered in the International Organization of Motor Vehicle Manufacturers (OICA) global production statistics report for 2017.