Egypt Investor Testimonials
"Apache Corporation began operating in Egypt 21 years ago and has grown the business substantially to become the largest U.S. based investor in the country, with a cumulative investment of more than $19 billion to date. Apache Egypt is currently the largest acreage holder and the number one producer of oil and condensate in Egypt. We are also the leader in introducing and applying the latest technology to find and produce more oil and gas in country. Apache currently operates 13 drilling rigs and plans to drill approximately 100 wells in 2017. Apache Egypt and its joint ventures provide direct employment for nearly 7,000 Egyptians as well as numerous additional jobs created by the petroleum services companies that Apache utilizes. We continue to invest in Egypt, because we can create value for all stakeholders and we believe in the potential of the country"
David Chi, Vice President and General Manager
Cisco Systems International
Cisco has been present in Egypt since 1999, and presently has over 80 employees, and over 250 business partners in the country. In December 2016, Cisco announced a $10 million investment plan in Algebra Ventures to seed a sustainable model of job-creation and economic development in Egypt. This investment is targeted at small businesses that provide innovative products, services and solutions. Cisco believes that job creation and an environment that creates opportunities for Egyptian citizens are the key ingredients to sustainable economic development. Through its Networking Academy CSR Program, 81,000 students graduated from its different programs preparing them for the job market and giving them the basic IT skills as well as advanced networking skills.
Ayman El Gohary, Managing Director
Coca-Cola Egypt - Atlantic Industries
"We as a company have been in Egypt since 1942. We as a System together with our bottler proudly employ 10,000 people directly in Egypt. For every job we create, there are another 10 being created in our supply chain - so the multiplier effect becomes at least 100,000 people in total that are contributing to this vibrant and young economy. Our Cairo Concentrate Plant manufactures beverage base for 140 Coca-Cola products and export them to 46 countries across the Middle East, Africa and Asia with the value of $466M annually."
Robert Edwards, Coca-Cola Egypt General Manager