Mercedes-Benz seeks to renew manufacturing in Egypt – Economic system – Enterprise – Ahram On-line

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Mercedes-Benz looks forward to resuming production in Egypt soon, a senior official of the German company said on Friday.


The global vehicle manufacturer is also considering additional models in Egypt, Markus Schafer, member of the Divisional Board of Mercedes-Benz Cars, told Egyptian Prime Minister Mostafa Madbouly, who is visiting Berlin.


Madbouly said that Cairo is seeking cooperation with Mercedes-Benz to manufacture self-driving and electric cars.


He suggested that the company dispatch a delegation to Egypt to investigate investment opportunities.


He cited new investment incentives and Egypt’s free trade agreements with several countries.


Madbouly also held a meeting with representatives of German recycling companies in Berlin on Saturday, in the presence of Egypt’s ambassador to Germany Badr Abdel Ati.


During the meeting, the CEO of Germany’s largest municipal waste management company Berliner Stadtreinigungsbetriebe (BSR), explained to the premier how the company collects and recycles about 8 million tons of household and solid waste in Berlin, cabinet spokesman Nader Saad said in a statement.


BSR has 16 organic waste recycling units and six large collection points for hazardous waste, and runs four power-generating factories, the German company chairman said.


The state-owned company, which hires some 5,400 workers, offers its recycling services for Berlin residents at affordable prices, the CEO said.


For his part, the prime minister praised the German company’s system, which he hoped will be applied in large Egyptian cities, the spokesman added.


The prime minister also listened to a detailed presentation from representatives of a German alliance of three companies specialised in hazardous waste disposal, garbage recycling, and waste-to-energy facilities.


The three German companies expressed their willing to invest in the field of garbage recycling in Egypt, the spokesman noted.


Madbouly urged the Egyptian embassy in Berlin to arrange a meeting with BSR and the tripartite German alliance officials with the ministers of military production, environment and local development to discuss potential cooperation offers.


The Egyptian ministers of military production, environment and local development will visit Germany this month.


 



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