Bechtel has been present in Egypt for many years. We started in the infrastructure sector, and our current portfolio is principally in the oil and gas sector. We are planning further work with our clients in the industrial area of Suez. Egypt is a good and safe place to work. Bechtel is involved in establishing a gas processing plant, which is on schedule to be delivered in the next couple of years. Bechtel is also managing an industrial project, establishing the largest petrochemical complexes in the region. These are export oriented industries, which create value for the Egyptian economy and as well as jobs in the country. This is a pretty good picture for the future and we are proud to be associated with the growth of this country through the years.
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.
Uber has been operating in Egypt since the end of 2014 and over this short period of time, Uber Egypt has become the fastest growing market for Uber in Europe, the Middle East and Africa with Cairo specifically becoming the fastest growing city.Since its launch, Uber managed to create more than 50 thousand job opportunities on a monthly basis. Uber has its regional center of excellence in Cairo, employing more than 700 people to serve the entire Middle East. Over the past period, we have been working very closely with the government and the private on fostering technology in Egypt .
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.
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.
Cisco Systems International
Cisco has been present in Egypt since 1999, and presently has over 80 employees, and over 250 business partners in the country. In December 2016, Cisco announced a $10 million investment plan in Algebra Ventures to seed a sustainable model of job-creation and economic development in Egypt. This investment is targeted at small businesses that provide innovative products, services and solutions. Cisco believes that job creation and an environment that creates opportunities for Egyptian citizens are the key ingredients to sustainable economic development. Through its Networking Academy CSR Program, 81,000 students graduated from its different programs preparing them for the job market and giving them the basic IT skills as well as advanced networking skills.
Apex International Energy
Apex International Energy ("Apex") is an Exploration and Production (E&P) start-up company focused on Egypt. The company, formed in April 2016, has an initial line of equity from US-based private equity firm Warburg Pincus of USD 500 million. The Apex team has over 125 years of combined experience in Egypt and 275 years of industry knowledge. Apex has made commitments to the government of Egypt to invest USD 27.4 million for two recent concession blocks awarded by EGPC in December 1, 2016. Apex is also working on the potential acquisition of producing properties. Presently, Apex has 22 full-time employees equally divided between offices in Houston and Cairo. Egypt has the right ingredients for building a meaningful business of scale; proven hydrocarbons, Production Sharing Contracts that have the force of law, and hard-working, well educated people.
Chevron enjoys a long and distinguished history in Egypt, dating back to 1937. Our operations comprise a large and diverse portfolio spanning over sixty fuel retail stations, marine bunkering, aviation fuels, and lubricants. We have experienced an impressive ten-fold growth in sales over the past ten years, where Egypt is the largest market in Africa and is our number one priority. Our primary focus is on growing our market share and hence most of our locally manufactured products are sold locally. The strategic location of Egypt and favorable regional export treaties makes it an optimal export hub for both Africa and the Middle East. We supply our export markets both from domestic production and our global supply chain network based on the most optimal supply dynamics to each location. We have a corporate strategy for Chevron Egypt Lubricants that will see us become the number one lubricants player in the region by 2030.
"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."
"We believed and continue to believe in the great potential of Egypt, and the Egyptian consumers. Our investments behind building our brands will remain to be a priority, as well as promoting Egypt as a regional hub for all our products. This is indeed a difficult time for the economy of Egypt; nevertheless, we have the full confidence that the challenges of today are short term hurdles that will not sway us away from our growth aspirations and plans."
"FedEx Express has been working in Egypt for almost 20 years. FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. Our investments in Egypt increase each year as we are firm believers that the Egyptian market is one of the most promising and fertile emerging markets in the world. Being the world's largest express transportation company providing fast and reliable service to more than 220 countries and territories worldwide, we are accountable to the role of supporting our clients in the Egyptian market achieve their target growth rates which will unequivocally reflect into successful future for our internal and external shareholders."
"ExxonMobil Egypt, an affiliate of ExxonMobil Corporation has been operating in Egypt since 1902. So more than 110 years in Egypt's growth. We are proud of our history and look forward to continue our partnership in serving the Egyptian customers, community, and the overall economy, for another century and well beyond.
Our success has always been based on a strong foundation of ethical behavior, integrity, and fair dealings. We serve Egypt through a network of 350 service stations, 40 Mobil 1 centers and 25 'On the Run' stores, providing quality fuels and services. We operate two state of the art lubricant blending plants, we provide advanced lubricant solutions to our clients for: enhanced productivity, improved fuel economy and advanced equipment protection. Our blending plants, not only serve the Egyptian market, but also act as a supply point to our global export business - providing products to more than 45 countries all over the world. ExxonMobil Egypt business supports thousands of jobs in the Egyptian community. We truly believe that Egypt has great potential, and we believe in the capabilities of the Egyptian people and we are keen as always to be a part of the country - 's success and prosperity."
Coca-Cola Egypt - Atlantic Industries
"We as a company have been in Egypt since 1942. We as a System together with our bottler proudly employ 10,000 people directly in Egypt. For every job we create, there are another 10 being created in our supply chain - so the multiplier effect becomes at least 100,000 people in total that are contributing to this vibrant and young economy. Our Cairo Concentrate Plant manufactures beverage base for 140 Coca-Cola products and export them to 46 countries across the Middle East, Africa and Asia with the value of $466M annually."
"Apache Corporation began operating in Egypt 21 years ago and has grown the business substantially to become the largest U.S. based investor in the country, with a cumulative investment of more than $19 billion to date. Apache Egypt is currently the largest acreage holder and the number one producer of oil and condensate in Egypt. We are also the leader in introducing and applying the latest technology to find and produce more oil and gas in country. Apache currently operates 13 drilling rigs and plans to drill approximately 100 wells in 2017. Apache Egypt and its joint ventures provide direct employment for nearly 7,000 Egyptians as well as numerous additional jobs created by the petroleum services companies that Apache utilizes. We continue to invest in Egypt, because we can create value for all stakeholders and we believe in the potential of the country"
"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."
"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%."
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.
"Pepsi-Co has been operating in Egypt for the last 60 years. We operate through three different businesses units: food, beverage and dairy. We are the largest food and beverage producer in the country, employing 17,000 through 50 distribution centers and 10 production plants. Egypt is the engine for growth for the MEA region due to its young and vibrant economy. Our commitment to Egypt goes beyond the business performance-it goes to our contribution to the society in which we operate. We are committed to the country and to its people."
MARS North Africa & The 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. In the beginning of 2017, Mars Incorporated has taken the decision to grow Egypt into a global manufacturing and export hub. Our ambitious operations expansion plans in Egypt will see more than 750 Million Egyptian Pounds of fresh investments added to the country over the coming 18 months, taking the Company's investments in Egypt close to 2 Billion Egyptian Pounds. They are set to double our exports figure over the coming 2 years alone, with 80-90% of our additional installed capacity geared towards exports, planned to hit the bar of 100 Million US Dollars by end of 2018. Egypt is not only geographically well located, the country also has good transport links. It boasts a large number of sea ports, with the option of transshipment to ports on both, the Red and Mediterranean Seas. Egypt has a unique basket of trade agreements making it an attractive market for foreign investment.
"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."
"ExxonMobil Egypt, an affiliate of Exxon Mobil Corporation, is one of the leading companies in the Egyptian market. 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 inland, marine and aviation customers. We provide quality fuels and services via a world-class network of 350 Mobil branded service stations, five fuel terminals, and distribution fleets. Moreover, we enhance our retail customer experience through our "On The Run" and "The Way to go" popular chain of convenience stores. On the lubricants side, we are operating 2 state-of-the-art manufacturing plants. These plants not only serve the local market but are export hubs to 45 countries across the world. We provide advanced lubrication solutions to our automotive and industrial customers that warrantee equipment protection, fuel economy, and productivity gains. Community investment is an integral part of our business, and we are proud of our long-standing programs that focus on education and capacity building. Following years of political upheaval, economic uncertainty and social unrest, Egypt's rebalancing process is finally building momentum. We are optimistic about the unprecedented macro socio-economic measures the government is taking to reform the economy and attract investments. We aspire to grow our business even further, continue to serve the Egyptian economy and effectively contribute to the vision of Egypt 2030. "
Coca-Cola Egypt - Atlantic Industries
"We as a company have been in Egypt since 1942. We as a system together with our bottler proudly employ 10,000 people directly in Egypt. For every job we create, there are another 10 being created in our supply chain – so the multiplier effect becomes at least 100,000 people in total that are contributing to this vibrant and young economy. 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 $466 million annually."
"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".
"Apache Corporation began operating in Egypt 21 years ago and has grown the business substantially to become the largest U.S. based investor in the country. Apache Egypt through a partnership with Sinopec and two joint venture companies, Khalda and Qarun Petroleum Companies, is currently the largest producer of crude oil and the largest producer of natural gas in the country. Apache produces approximately 30% of Egypt's total oil and condensate production and 20% of Egypt's natural gas production. We continue to invest and we believe in the potential of Egypt."
Mars Egypt, North Africa and Levant
"Over the past 15 years, the Egyptian market has consistently been the key driver for Mars’ growth in the region. Since the opening of Egypt office in 2001, we have gradually established Egypt as the hub of our operations across the entire North Africa and Levant region, looking over 37 countries out of Cairo
Throughout the years, our commitment to investing in Egypt has been rock solid, in the good and difficult times. Amid the country’s turmoil in 2013, we have taken the bold initiative to significantly invest and expand our current manufacturing facilities located at October 6th. This state-of-the-art operation has - alone - doubled our investment in the country, taking it to EGP 2 billion. With the expansion entry into full operation in a few months, it will take our exports from Egypt to close to 70% of our total production, positioning Egypt as an uncontested key export hub for Mars across the entire Middle East and Africa region, and even beyond.
We are at the footsteps of a new major milestone in our success story in Egypt, and we are looking to our future in the country with tremendous hope and confidence."
Abercrombie & Kent Egypt
"A&K has been in Egypt since 1981, we started with a very small business model with less than a handful of people. Over the years, we grew our business to be one of the largest and most successful in the travel sector employing over 400 people and operating four boats on the Nile, and over 10 branches across the country.
Egypt is certainly one of the most friendly tourist destinations, offering a unique experience for visitors as well as a great value for money. Doing business in Egypt requires patience, but the results are positive from a business point of view bearing in mind the reasonable tax tariffs, rewarding EBITDA, strong banking system, and the ongoing investment opportunities from small, medium and large business."
"With nearly 40 years experience, Dow Egypt is proud member of the domestic Egyptian business community, contributing innovative solutions to solve critical regional challenges. Our Cairo-based manufacturing facility and office offer leading chemistry and polyurethane systems utilized across a spectrum of local industries including energy, infrastructure and transportation, agriculture, and water treatment. As we do around the world, Dow not only partners with local companies to improve the performance of their products, we also partner closer with our communities to grow local opportunities. In Egypt, Dow employees support and engage directly with a wide variety of organizations dedicated to providing housing, clean water and improved educational opportunities. Dow sees Egypt as a dynamic local market, a leading gateway to broader markets in Africa and the Middle East, and we remain committed to our partnership for growth in Egypt"
MAJID AL FUTTAIM PROPERTIES LLC
"We started business in Egypt in 1998. Today the size of our investment, earmarked for the next three years is 16.5 billion Egyptian pounds. During the time period of developing our new projects and once they are running, we will employ an excess of 125,000 employees. We feel that this is the right time to invest in Egypt! With the economical situation and the political stability in the country coming into place; I invite every international investor to come to Egypt and start investing. This is the right time to be in Egypt!"
MARS North Africa & Levant
"As a 90-million consumer market, Egypt represents a fantastic opportunity for any investor in that matter. In spite of the turbulences experienced during the past three years, we continue to see the potential of this market. Our costs in terms of manufacturing are one of the lowest in the world. As an export hub, we export about 60% of our production, across the Middle East. Our outlook for the future is extremely positive; we have actually started an investment of $85 million in July 2013, which has quadrupled our investment in Egypt."
"We are continuing to grow and are planning to employ within our new division and factory in Alexandria. We believe that in the coming few years, we will play a vital role to serve our customers here in the Egyptian market."
"We know that at some point the tourists will come back and this is a very important industry for us. We have already seen an improvement in the food and beverage sector. This will put a lot of exciting news for us to serve the customers within the multinational arena."
General Motors (GM)
General Motors Egypt was established in 1983 and currently employs over 1500 staff members and technicians for production lines. 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 with an average share of 23% in recent years. General Motors strongly believes in Egypt's potential and has thus invested $115 million over the past 10 years, and have generous investment plans for the near future.
"Pepsico has been working in Egypt for over 60 years. With a sizable business like ours and a revenue exceeding $1 billion, we source most of our raw materials from Egyptian suppliers; we work with around 700 local suppliers. We believe in a brighter future for Egypt and we are committed to continue investing here"
"In 2013, Xerox celebrated its 35th year in Egypt. What I can tell you now is that the recovery following June 30th is happening at a very fast pace and we're enjoying this. The future for Xerox seems promising, and I'm confident that the coming years hold much prosperity for the Egyptian economy. Xerox is committed to investing and expanding its business in Egypt".
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.
"We have been in Egypt since 1990, where we officially opened our representative office covering North Africa and Levant all out of our Cairo office. Over the past three years, the Egyptian banking sector has proven to be very solid and was able to support the economy. Our business model in the region here focuses mainly on Capital markets and the Cairo Stock Exchange was always very lucrative and attractive for our clients. We consider our presence here in Egypt a real success story that we are proud of"
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."
Abu Dhabi Islamic Bank-Egypt
The banking sector has fared stronger and more profitable in 2013 in spite of the economic and political uncertainty that prevailed during the year. ADIB Egypt was able to realize its first year of positive net income since the Emarati consortium acquisition in 2007 thanks to its focused strategy on building a solid infra-structure, acquiring sound consumer and corporate financing portfolio's as well as attracting sizable deposits all under a sharia compliant umbrella.
Chrysler Group Egypt
"Egypt has gone through many ups and downs and economically things have looked shaky for a little while and then they start going back. However, now the future looks very strong to the point where Chrysler is making huge investments within our facility in Egypt, where we employ 650 Egyptians."
Citibank, NA Egypt
"Citi has been in Egypt for almost 40 years. We employ around 800 people and we have been expanding our business over the past couple of decades. Our experience during the past three years of political transition in Egypt was that our presence here was highly valued by our corporate clients, who operate in Egypt in all sectors.
Our commitment to Egypt is founded on solid ground, and we look forward to strengthening our partnership with our clients as well as continuing to add value to the local business community for many years to come.
"ExxonMobil Egypt, a subsidiary of ExxonMobil Corporation, is proud of its partnership in Egypt's growth for more than 110 years.
ExxonMobil Egypt is a pace setter in providing high quality Lubricants and Fuels through its retail network of more than 350 service stations, as well as extensive convenience retail shops to meet the expectations of the Egyptian consumer.
We operate two state of the art lubricant blending plants providing advanced lubricant solutions to our clients for: improved productivity, fuel economy and equipment protection. Our blending plants, not only serve the Egyptian market but also act as a supply point, to our global export business - providing product to more than 35 countries all over the world."
"ExxonMobil Egypt business supports thousands of jobs in the Egyptian community. We truly believe that Egypt has great potential, and we believe in the capabilities of the Egyptian people and we are keen as always to be a part of Egypt's success and prosperity."
Coca-Cola Egypt - Atlantic Industries
"We as a company have been in Egypt since 1942. We proudly employ 14,000 people directly in Egypt. For every job we create, there are another 10 being created in our supply chain - the multiplier effect becomes at least 140,000 people in total that are contributing to this vibrant and young economy. We continue to invest in Egypt; and will be investing around 600 million USD over the next three years. We see Egypt as a spring board for our expansion into Africa." - Curt Ferguson, President-Middle East & North Africa Business Unit, Coca-Cola Egypt
Apache Egypt Companies
"Apache Corporation entered Egypt over 20 years ago and has grown the business substantially during that time to become the largest US-based investor in the country. Apache Egypt, through our two joint venture companies Khalda Petroleum Company and Qarun Petroleum Company, is the largest producer of crude oil and third largest producer of natural gas in the country. We continue to see rich opportunity in Egypt and plan to maintain our current level of investment and activity working alongside our Chinese and Egyptian partners".