Egypt and the US: Building an evolved supply chain on robust partnerships
Setting the foundations for a modern and advanced supply chain are fundamental to drive the development process in any country. The public and private sector need to come together to address pressing requirements of the people and ensure sustainable growth by working towards building an efficient supply chain that will energize economic growth of that country.
How to build such a supply chain specifically in Egypt is the focus of the conference on ‘Supply Chain Opportunities’ happening in Cairo on February 20, 2012. The event titled ‘Supply Chain Opportunities: A Partnership for Egypt and the US’ has been organized by the American Chamber of Commerce in Egypt and the US Egypt Business Council in collaboration with the Federation of Egyptian Industries, General Authority for Investments & Free Zones and Industrial Modernization Center.
According to Middle East North Africa – Financial Netwrok “MENAFN”, in 2010-2011, Egypt’s growth rate was 1.9%; it would need to grow to 7% annually to create enough jobs in the country. To accomplish this, Egypt is defining its growth strategy with a focus on strengthening its different economic sectors, including the manufacturing sector to create new jobs and enhance the standard of living of the people. The Egyptian Supplier Conference will set the direction for creating an integrated supply chain network that helps the growth of industries.
GE has a 40 year history in Egypt and will attend the conference as the company has been a key partner for the country’s long term growth. Nabil Habayeb, GE’s President & Chief Executive Officer for the Middle East, North Africa and Turkey, will deliver the opening address at the conference where he will highlight the potential of the manufacturing sector, and how companies can come together to re-energize economic growth and development in Egypt, as well as contribute to localization.
Strengthening the development process of a country has four key goals: Stabilize the country’s economy, restore market confidence, create new jobs and ensure sustainable growth. Strong and long-term public-private partnerships are what is needed and the Egyptian Supplier Conference serves as an ideal platform to help convert discussions into actions.
The full day Egypt Supplier Conference, which will bring together stakeholders from the public and private sector, will be held at Conrad Hotel, Cairo, with several dignitaries from the US and Egypt expected to attend the event. Among the topics to be discussed include ‘Infrastructure and Large Scale Projects,’ ‘Supply Chain –The Consumer Goods Sector,’ and ‘Programs Supporting Egyptian Industries.’
Today, GE has more than 200 employees in Egypt. Since its inception, the company has been associated with the public and private sector on several projects across the country.
GE in Egypt: Click here