Trade Minister, Mercedes-Benz Delegation Discuss Further Investments in Egypt

Nevin Gamea, Minister of Trade and Industry, held a meeting with a delegation of Mercedes-Benz Egypt headed by Gerd Peterlich, President and CEO of the company, to discuss the company’s current and future projects in the Egyptian market and the company’s directions to localize the electric car industry in Egypt during the next stage. Hatem El-Ashry, the Minister’s advisor for communication, participated in the meeting. Institutional.

The minister said that the ministry is keen to encourage foreign investments operating in Egypt to grow its business, especially in light of the favorable business environment that Egypt currently enjoys, as well as the steps taken by the state to encourage and enhance the investment climate and seek to localize the local industry, especially the automobile industry, noting the government's keenness to Overcoming all obstacles facing investors, thus contributing to making Egypt a focal point for foreign investments and increasing the flow of exports to foreign markets.

Gamea added that the political leadership in Egypt pays great attention to stimulating the localization of the auto industry and the industries that feed it locally, and to reach the largest possible proportion of local manufacturing and production, pointing out that the Egyptian market enjoys all the ingredients that qualify it to become a major center for car manufacturing in the Middle East and Africa. .

One his part, Peterlich stressed that the company supports the Egyptian government's directions towards the localization of the automobile industry and considers the Egyptian market a promising market and an important hub in the Middle East for the manufacture of Mercedes-Benz cars.

He pointed out that the company has witnessed significant growth in the Egyptian market. During the past few years, where the company's logistics center is currently being completed in the economic zone of the Suez Canal on an area of ​​​​20,000 meters, the company has also increased the number of its agents in the Egyptian market to reach 5 and authorized distributors, including 12 showrooms for sales and after-sales services throughout the Republic, in addition to the local manufacture of cars All-wheel drive GLE and GLS, which reflects the global company's interest in expanding its business in the Egyptian market during the current stage.