Egypt Investor Testimonials
"Heinz has a long and successful history in Egypt where we have been operating since 1991. Our production lines are constantly expanding and are managed by a workforce of around 700 Egyptians. We currently have nine production lines, producing 65 Stock Keeping Units (SKUs)-all manufactured in Egypt. We proudly export 25% of our factory output to the Middle East, North Africa, East and West Africa, Turkey and Russia."
Osman Serag El-Din, Managing Director
Over the past years, Mastercard has been proud to partner with the Egyptian Government and financial system to further drive the proliferation of digital and electronic payments in Egypt and to promote financial inclusion. We have successfully migrated over 4.6 Million Egyptian Government employees from cash to card in receipt of their monthly salaries. We are also delighted to have partnered with the Egyptian Banks Company, under the leadership of the Central Bank of Egypt, to build the global first interoperable mobile ecosystem which today serves close to 5 million Egyptians empowering them to make payments from their mobile phones. We are now keenly working with all stakeholders in the Egyptian economy to enable the vision laid out in Egypt's National Payments Council charter. Egypt is one of our most important markets in this region and we look forward to many great successes in years to come.
Tamer Kashef, Country Manager, Mastercard Egypt
"Unilever has been doing business in Egypt for almost 100 years. We are currently seeing in Egypt the reform taking place that everybody has been waiting for. Egypt is a great place for doing business; being a market with 90Million consumers and with a duty-free access to another 2 Billion, due to the free trade agreements. Despite the current turbulence, we know that future is very promising. Everybody with a clear eye on the future knows that this is the right time to invest in Egypt."
Ashraf Bakry, Managing Director