Suez Canal chief says Mercedes-Benz to establish new facility in economic zone

Mercedes-Benz is set to return to Egypt with a 50 000 square metre distribution facility in the new economic zone near the Suez Canal, Suez Canal Authority chairperson Mohab Mamish said on Tuesday. The Suez Canal Economic Zone, a mega-project launched in 2015 to create an international hub for global manufacturers along the canal, is expected to eventually make up about a third of the country’s economy.