Egypt's Foreign Ministry Spokesman, Ambassador, Ahmed Hafez praised the announcement by Germany's Mercedes-Benz to resume the work of its factories in Egypt.
In televised statmnets to "TEN" TV Channel, Hafez added that a statement issued by the company yesterday confirmed that it is currently working on the establishment of a car assembly plant in Egypt. As Egypt has an attractive and competitive location.
The company's statement confirmed their serious willingness to cooperate with Egypt, Hafez noted.
Noteworthy, Mercedes-Benz issued a statement from Stuttgart announcing that it will resume the work of its factories in Egypt، pointing out to the positive developments witnessed by Egyptian market and the promising internal and external investment environment.