Egypt Investor Testimonials

Procter & Gamble Egypt, Ltd.

“For over 3 decades, P&G has been touching and improving the lives of millions of Egyptians through trusted brands such as Ariel, Pampers and Gillette. Our commitment to Egypt grows year on year leading to hundreds of million dollars of investments to date, represented in 2 state of the art manufacturing sites and a regional planning service center for the Middle East and Africa region. Egypt’s 100 million consumer base, location and trade agreements position it as a hub for P&G in the region, facilitating the export of 40% of our production and ranking us as one of the largest exporters of non-oil chemical goods in Egypt. We also invited 5 of our global suppliers to localize in Egypt, and combined they’ve invested over 150 Million USD in manufacturing operations in the country. We believe that operating as a good citizen – growing our company responsibly – is how we earn the trust on which our business is based and it is how we build the relationships on which our future depends.“

Tamer Younes, Board Member, Head of Corporate Affairs - North Africa and Levant

General Electric International Operation

“GE has been a committed partner to Egypt for more than 40 years, working with the public and private sectors on key infrastructural projects in the fields of energy, healthcare, transportation and aviation. With more than 1,000 employees in country, GE technology helps power close to 16 million homes nationwide, today 15,000+ GE Healthcare technologies are deployed nationwide and 60% of EgyptAir's fleet is powered with GE engines; GE also recently signed an agreement with the Egyptian National Railways to partner on upgrading the sector with its latest technologies and know-how. Additionally, as a digital industrial company, GE is always working with its partners and customers to drive efficiency across sectors."

Ayman Khattab, President and CEO, North East Africa

Coca-Cola Egypt

“We as a Company have been in Egypt since 1942. We as a system together with our bottling partner proudly employ 9,000 Egyptian directly in Egypt and have 8 plants across the nation. Our Cairo Concentrate Plant manufactures beverage base for 140 Coca-Cola products and exports them to 46 countries across the Middle East, Africa and Asia with the value of USD 443 million annually.”

Karim Salah Eldin, General Manager

Unilever Mashreq

“For the last few years Unilever has been clearly signaling its positive outlook on the Egyptian economy. Now it is clear that the reform program is moving in the right direction by fixing the economy’s fundamentals which implies the improvement is sustainable for years to come.

Unilever in Egypt has been performing well for the last few years but has witnessed a significant improvement, especially when it comes to export, since the floatation took place. It is obvious that Egypt has become an extremely attractive manufacturing base. And those who can’t see it are probably going to miss a huge opportunity either on the local market of 100 m consumer-base or on the export front with a country that has access to 2b people duty-free due to trade agreements.”

Ashraf Bakry, Managing Director

Uber Egypt LLC

“Uber has been operating in Egypt since 2014, evolving to become one of the fastest growing globally. This year alone, Uber has created over 150K work opportunities, making it the largest economic contributor in Egypt. In addition to serving 4 million riders, Uber also opened its Centre of Excellence in Cairo, its customer service centre serving the entire Middle East and Africa and employing 1000 people by 2020. Regulations that support part time work will create even more growth in 2018 and beyond.”

Abdellatif Waked, General Manager


“This year marks the 70th anniversary for PepsiCo’s presence in the Egyptian market. With the help and support of our workforce consisting of 15,000 people, we have been operating through 9 plants and 75 warehouses to sell a diverse mix of brands under two main categories, which are: beverages and snacks. We are proud to have our Chipsy produced from 100% Egyptian potatoes cultivated from PepsiCo’s farmland of 40,000 acre. At the heart of PepsiCo is “Performance With Purpose” global strategy that focuses on improving the Product, empowering the People and operating in a responsible way to protect the Planet. Our vision is in direct correlation with Egypt’s 2030 strategy to further empower the youth through numerous effective initiatives encouraging the rise of SMEs being the hardcore of the economy. PepsiCo is keen to operate in Egypt in a way that benefits Egypt and its people.”

Mohamed Shelbaya, GM, VP Pepsico Egypt & Jordan

Oracle Egypt, Ltd.

“Oracle started operating in Egypt in 1996 and has now become one of our largest operations in the Middle East and North Africa region with over 500 employees in the country office. Oracle established the Global Support Center in Cairo, which became one of the fastest growing centers for the company around the world. Oracle is committed to investing in the Egyptian market.”

Bassel Mubarak, Country Manager

Mastercard Middle East Africa Inc.

“Egypt remains a key market for Mastercard with an enormous appetite for technological advancements. Working with the Egyptian government has provided us with great opportunities to build strategic partnerships to deploy secure payment solutions. Our combined efforts have yielded successful accomplishments, including the establishment of the first mobile ecosystem, the electronic payroll program for the Egyptian Government and electronic payment of taxes and customs. We look forward to achieving our shared vision of financial inclusion to benefit the Egyptian economy.”

Mohammed Assem, Country Manager

MARS North Africa and Levant

“The Egyptian market is seen as a key part of the MARS global growth strategy as it is a regional hub with export potential to over 20 markets in the Middle East, Africa, the Indian subcontinent and Europe at present. Our ambitious operation expansion plans in Egypt will see more than EGP 750 million of fresh investments added to the country over the coming 18 months, taking the company’s investments in Egypt close to EGP 2 billion.”

Fadi Abi Nader, Market Director-Egypt Libya and Sudan


“IBM is proud to be an involved and contributing part of the Egyptian economy since its establishment in 1954. Through more than 60 years in Egypt, we have worked side by side with the Egyptian Government in most of the projects of national importance and through several initiatives that help the economy and support the government’s national plans as well as through our numerous CSR activities. IBM always realized the attractiveness of Egypt as a competitive sourcing destination which resulted in having six IBM centers in Egypt that serve almost the entire globe.”

Amr Talaat, Country General Manager

Heinz Egypt

“Heinz has a long and successful history in Egypt where we have been operating since 1991. Our production lines are constantly expanding, 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.”

Hanny Elmessiry, Managing Director

General Motors Egypt, SAE

“General Motors Egypt was established in 1983. Over the last 32 years, General Motors’ total production exceeded 750,000 units, supplying the market with commercial and passenger vehicles. GM Egypt has maintained market share leadership since 2008 and strongly believes in Egypt’s potential. General Motors Egypt has thus invested over USD 115 million over the past 10 years.”

Tarek Atta, Managing Director, General Motors Egypt & North Africa

ExxonMobil Egypt, SAE

“ExxonMobil has been operating in Egypt since 1902, so 115 years of successful partnership in Egypt’s growth. We operate at the highest standards of Operational Excellence to serve our customers. We provide quality fuels and services and advanced lubrication solutions via a world-class network of 350 Mobil-branded service stations, two state-of-the-art manufacturing plants, distribution terminals, fleets, Mobil 1 centers and convenience retail stores. We are proud of our long-standing Community Investment programs that focus on education. We aspire to grow our business even further. Following years of uncertainty, Egypt’s rebalancing process is finally building momentum.”

Hesham ElAmroussy, Chairman and Managing Director

Dow Chemical IMEA, GmbH

“Dow Chemicals has been proudly present in Egypt since 1977, with a manufacturing facility inaugurated in 1997. By local customization capability, we empower local manufacturers’ outreach to international markets and enable solutions to various spectrum of industries; construction, consumer solutions, coatings, oil and gas & more at global standards.

We remain positive about Egypt, the Egyptians and resilient market that peculiarly succeeds with every challenge to reach a new equilibrium. We will continue to operate, raise investments and serve with innovative solutions.”

Momen Adel Hafed, Country General Manager

Commercial International Bank (CIB)

“Over more than 40 years, CIB has grown to become not only Egypt’s largest private sector bank, but one of the economy key drivers. CIB focuses on delivering constant record performance and creating value to customers, shareholders, and the community at large. We remain committed to advancing our position through a culture rooted in both ingenuity and integrity. A culture that nurtures Innovation in every way possible. Such a leading position has been recognized by international organizations, including the latest Euromoney’s “World’s Best Bank in the Emerging Markets” award in 2017.”

Hisham Ezz Al-Arab, Chairman and Managing Director

Citibank, NA Egypt

“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, 3 branches 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 arranged $7 billion of fund raising for the Government via Eurobond issues in 2017, landmark transactions for the country. In addition, we participated in an important fund raising exercise for the Central Bank of Egypt and have intermediated a major part of the foreign portfolio investment into Egypt during 2017. We are similarly mandated for additional fund raising activities in 2018. 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 & Managing Director- Citi Egypt & Levant

Cisco Systems International

“Cisco has been present in Egypt since 1999 and currently has more than 80 employees and over 250 business partners in country. In December 2016, Cisco announced a USD $10-millions investment plan with Algebra Ventures to seed a sustainable model for job creation and economic development in Egypt. This investment is targeted at small businesses that provide innovative products, services and solutions.”

Ayman Elgohary, President and General Manager

Chevron Egypt Lubricants

“Chevron is one of the leading integrated energy companies in the world and the second largest-integrated energy company in the United States. Through its subsidiaries that conduct business worldwide, the company is involved in every facet of the energy industry. Chevron has had a distinguished history in Egypt since 1937. Chevron Egypt Lubricants S.A.E. is a market leader in Egypt in terms of product technology and innovation, and has enjoyed tremendous success over the years in establishing the strong brand equity of Havoline and Delo in Egypt. We manufacture lubricants in country for our domestic and export markets in our state of the art lubricants blending facility that uses the most advanced technologies in production and quality control. We built a strong distribution network covering Egypt, North Africa, East Africa, and the Levant countries. Even though Chevron is 81 years young in Egypt with much accomplished, we believe that the best is yet to come, that the future holds great promise and no better place to be than the cradle of civilization that is Egypt.”

Gehad Nasr, Director, Country Chairman Egypt & Manager Special Projects


“Cargill has been active in Egypt since 1994 and is committed to the future of the agricultural food and feed industry in Egypt. In addition to grains and oilseeds trading activities in Cairo, Cargill operates a soybean processing plant: “The National Vegetable Oils Company” in Borg Al-Arab, and a grain discharge terminal: “The National Stevedoring Company” in the Port of Dekheila, Alexandria. Cargill has been growing our presence in Egypt, most recently with a $150 million USD investment to expand both operations at the plant and port facilities. The plant construction is now complete and is expected to start commercial production in March 2018. Additionally from the Cairo office, Cargill manages animal nutrition and food ingredient businesses. The Cargill Animal Nutrition 2020 business strategy is on an expansion path in Egypt. Cargill’s Food Ingredient business also has Egypt high on its strategic agenda and offers our customers a broad portfolio including cocoa and chocolate, sweeteners, starches, texturizers, oils and fats. “

Melvin Menke, General Manager Egypt

Apex International Energy

“Apex International Energy (Apex) is an exploration and production (E&P) company focused on Egypt. Apex was formed in April 2016 and is backed by U.S.-based private equity firm Warburg Pincus and the International Finance Corporation. Apex has made commitments to the Government of Egypt to invest USD 27.4 million in two Western Desert concession blocks signed into law on August 29, 2017. Egypt has the right ingredients for building a meaningful E&P business of scale: proven hydrocarbons, production sharing contracts that have the force of law, and hard-working, well educated people.”

Thomas M. Maher, President & Chief Operating Officer

Apache Egypt

“Apache Corporation is the largest U.S.-based investor in Egypt, with a cumulative investment of more than USD 19 billion to date. Apache is currently the number one oil and condensate producer as well as the most active driller in country. 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