Mercedes-Benz resumes assembly line in Egypt

Chairman of Suez Canal Authority, Mohab Mamish, announced on Friday that the Suez Canal Economic Zone (SC Zone) delegation made an agreement with Mercedes-Benz company officials to resume its assembly line in the Egyptian market.

The deal was struck during the Frankfurt international Motor Show in Germany ( September 16-24), where both sides decided they would establish a center for logistics distribution and redistribution in Ain al-Sokhna, to support car manufacturing inside the SC Zone, explained Mamish.

The SC Zone applied new navigation charges, including cancelling the payment of four percent charges on containers with a depth of 354 meters; and reducing port and guidance charges up to 50 percent on freight and unloading operations.