Egypt Investor Testimonials
MARS North Africa & The Levant
"The Egyptian market is seen as a key part of the MARS global sustainable growth strategy as it is a regional hub with export potential to markets in the Middle East, the Indian subcontinent, Africa, Europe and beyond. Egypt represents one of the top 20 markets in terms of incremental growth to the MARS business within the next decade. Indeed, with the recent factory expansion, we will be increasing our chocolate exports produced by MARS Egypt from 50% to reach 70% over the next few years. Today, the company employs more than 300 people directly in Egypt, 99% of whom are Egyptians, the company has also created 1,500 indirect jobs through its distribution and supply chain. Egypt is not only geographically well located, the country also has good transport links. It boasts a large number of sea ports, with the option of transshipment to ports on both the Red and Mediterranean Seas. Egypt has a unique basket of trade agreements making it an attractive market for foreign investment."
Ahmed Seddik, General Manager, North Africa & Levant
Procter & Gamble
"Procter & Gamble has been doing business in Egypt for over 30 years. We see the potential that a 90 million consumer market presents and we partner with Egypt to develop the market even further. In addition, we believe in Egypt as a hub for P&G in the region, where we export 40% of our production and we are ranked as the largest exporter in the non-oil chemicals sector. Our current investments in Egypt are valued at over three billion Egyptian pounds. Since 2011, we have established a new diapers manufacturing plant and a planning service center for the MEA region and we plan to double our investment rate over the coming two years. Consumers are at the heart of everything we do and we continue to offer leading brands that touch and improve the lives of consumers everywhere we operate."
Karim Kamel, Country Manager-Near East
"Citi has a long and distinguished history in Egypt. Citi, originally began its operations in 1955. We have recently celebrated our 40th anniversary in Egypt; and I'm very proud to be here serving the client base. We serve the institutional clients of Egypt with 161 employees. Citi in Egypt is part of our Middle East/Africa division and Egypt is, one of the most important countries, in this division for our business."
Nadir Shaikh, Managing Director,Citi Country Officer