Mercedes to visit Egypt to explore investment opportunities in local market

A delegation of Mercedes-Benz’s directors will visit Egypt in early 2017 to discuss expanding their investments in the Egyptian market, said Minister of Industry and Trade Tarek Kabil.

The company’s officials in Egypt have expressed their willingness to increase their investments in Egypt in light of the improved economic conditions and the success of the government’s economic reform programme, which spreads confidence among global companies, Kabil said. They added that it also increases the chances of their presence in the Egyptian market in the coming period.

The announcement came during a meeting between the minister and a Mercedes-Benz delegation, headed by the company’s CEO in Egypt Thomas Zorn. The meeting was also attended by the manufacturing, state, and local affairs manager at Daimler AG, Ingo Konrad. The meeting reviewed the government’s efforts to support the automotive industry, and the promising opportunities in this sector in the coming period.