Egypt Investor Testimonials
IBM is proud of being an active player in the Egyptian market and of its contribution to the IT sector and to the Egyptian economy in its entirety, since its establishment in 1954. Beyond IBM's historical deep roots in Egypt, the company is particularly full of pride of capable team of Egypt's IBMers, of which 42% are under the age of 30 years. IBM is serving its customers across the globe through six centers of Excellence in Egypt that employ a sustainable pool of talented, technologically skilled, and multilingual graduates. Lately the company has chosen Egypt to be part of the "Digital Nation Africa", a new initiative where IBM has committed $70 million towards building much needed digital, cloud, and cognitive IT skills to help support a century workforce in Africa. Through more than 60 years in Egypt, IBM realizes the attractiveness of Egypt as a competitive sourcing destination; and supports the reform agenda in the country, believing that Egypt has all the potential to be a prime investment hub.
Dr. Amr S. Talaat, General Manager
Procter & Gamble
P&G 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. We have invested hundreds of millions of dollars in Egypt to date. 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 our consumers everywhere we operate. P&G is committed to its citizenship efforts; Women represent 50% of our employees at our head office. Both of our plants in Egypt have zero manufacturing waste to landfill, and We lately called out our commitment to bringing clean water to hundreds of thousands of Egyptians in rural Egypt, part of our clean water campaign.
Karim Kamel, Vice President, Procter & Gamble Egypt and Near East region
Commercial International Bank-CIB
CIB as a private sector bank was a joint venture 40 years ago between Chase Manhattan and the National Bank of Egypt. CIB is currently the largest private sector company in Egypt and the largest in the Stock Exchange, with a $5 billion market cap and 6 thousand employees. The bank has a great role to play, being the third in terms of total balance sheet and capital, and the first in terms of the private sector."
Hisham Ezz Al-Arab, Chairman and Managing Director