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
"Citi has a long and distinguished history in Egypt, where it originally began its operations in 1955 and re-established itself in 1975. We serve our corporate and institutional clients with 150 employees and a fully licensed banking operation including very active participation in the foreign exchange and government securities markets. Citi is proud of its robust relationship with the Government of Egypt and its key agencies, being one of the global banks that recently arranged the $4 billion Eurobond, a landmark transaction for the country. Citi is fully committed to the Egyptian market and to its clients operating in Egypt--including multinational companies, global investors, leading Egyptian corporates and financial institutions. Citi Egypt is part of our Middle East-Africa Division and is one of the most important countries in this Division".
Nadir Shaikh, Managing Director,Citi Country Officer