German car manufacturer Mercedes-Benz and the Suez Canal Economic Zone (SCZone) signed a contract, on Sunday, for the former to establish a logistics centre in Ain Sokhan, on Egypt’s Red Sea coast.
Yehia Zaki, SCZone Chairperson, and Raoul Rohan, Managing Director of Mercedes-Benz, signed the contract between the two sides to establish the centre.
The signing took place in the presence of: Peter Ernest Ross, Chairperson of Mercedes-Benz; Mohamed Shaaban, Vice President of the SCZone for the Southern Region; and Walid Gamal El-Din, Executive Director of the SCZone.
Zaki said that the agreement is an important step by Mercedes-Benz in supporting the auto industry at the SCZone. He also noted that projects and contracts with major international companies would support and advance investment in the region.
He added that this extended negotiations have taken place regarding the project, and the SCZone has now succeeded in completing all the negotiation stages. It has now reached the establishment of a logistics centre for Mercedes-Benz that includes a storage yard for cars, a centre for auto parts, and a maintenance workshop.
