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Gamea meets with Mercedes-Benz delegation for future cooperation
3 May 2022  -  Organization :  -  Sector/Entity :  -  Category : Industry News

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The meeting discussed the company’s future projects in the local market and plans to localize EV manufacturing in Egypt.

Cairo- May 3, 2022

Minister of Trade and Industry Nevine Gamea has met with a delegation from Mercedes-Benz Egypt, led by President and CEO Gerd Bitterlich, where they discussed the company’s current and future projects in the local market, and most notably its plans to localize electric vehicle (EV) manufacturing in Egypt.

“The ministry is committed to encouraging foreign investments to expand their operations here, especially amid the country’s business-friendly climate,” Gamea said, stressing the government’s efforts to eliminate obstacles hindering investors.

The political leadership, she added, gives top priority to stimulating and deepening the automotive industry, with the aim of rendering Egypt a major car-making hub in the MENA region.

Bitterlich, for his part, noted that Mercedes sees Egypt as a promising market in the region, adding that it has grown significantly in the domestic market over the past years with five official dealers and some 12 sale and after-sale service centers.

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