Egypt Investor Testimonials
"Cargill has been active in Egypt since 1994 and we are committed to the future of the agricultural and food industry in the country. As well as our grains, oilseeds and sugar trading activities in Cairo, Cargill has a majority shareholding in a soybean processing plant - The National Vegetable Oils Company - in Borg Al-Arab, and a majority shareholding in a grain discharge terminal - The National Stevedoring Company - in Dekheila. We are in the construction phase of significant expansion investments to both of these facilities in 2016/17. From our office in Cairo we also serve our food ingredients customers, offering a broad portfolio including cocoa and chocolate, sweeteners, starches, texturizers and oils and fats. Our animal nutrition business also provides feed formulation and feeding programmes to customers in Egypt."
Melvin Menke, General Manager Egypt
GE has a rich heritage of 40 years in Egypt, with partnerships in the energy, aviation, oil & gas, healthcare and transport sectors. GE Egypt currently employs over 700 staff members across the country and is working closely with the public and private sector as a technology and solutions partner to meet the country's most challenging energy needs in a reliable and efficient way, supporting the industrial and infrastructural building of Egypt. Today, over 140 GE advanced gas and steam turbines are installed in Egypt, generating 15.5 GW of power to the grid, enough to meet the electricity needs of more than 15 million homes across Egypt. In the end of 2016, GE Oil & Gas has announced the expansion of its services facility in Egypt with an additional 2,000 square meter in the industrial free zone to now reach a total of 5,000 square meter. The expanded facility will handle the assembly, disassembly, repair, maintenance and testing for GE Oil & Gas products locally in Egypt to serve both national and international oil and gas companies.
Ayman Khattab, President and CEO, North East Africa
"Our company has been operating for the last 18 years in the sector of energy distribution. The tremendous reform in the oil and gas sector over the past two years has transformed Egypt into an attractive destination for investments in exporting, producing as well as generating power. Our company has enjoyed a nice ride over the last two years with an annual income growth of 24%."
Khaled Abu Bakr, Executive Chairman