Cairo – Mubasher: Daimler AG’s Mercedes-Benz is planning to build an assembly plant in Egypt. 

The German global automobile brand said that it will collaborate with an Egyptian partner to complete the project, according to a company statement.

Both the company and the Egyptian government were in talks in respect of the project.

“[Egypt is an] attractive and competitive location for production and supporting logistics,” the board member Markus Schaefer commented.