Celebrating a milestone: 40 years in Egypt
In Egypt 40 years ago, the population was less than 40 million, compared with 83 million today. In 1974, per capita GDP was $423; today, it’s more than three times that, at $1,566.
It was in 1974 that GE first established its presence in Egypt, setting the stage for the four-decade partnership that was marked today during a GE Customer Day titled: “Celebrating 40 years in Egypt; working in partnership, for the people.” The event was attended by GE’s Chairman and CEO Jeffrey Immelt, and more than 200 guests from the government, the private sector and the media.
The anniversary event highlighted how public-private partnership has proven to be a powerful and sustainable model for accelerating growth and driving development in Egypt through its ability to bring together capital, technology and local expertise.
Some of GE’s most significant ongoing partnerships in Egypt include its long-enduring relationships with EgyptAir, the Egyptian National Railway and the Egyptian Electricity Holding Company. GE Oil & Gas and Petrojet Egypt also are working together to locally manufacture GE oilfield pumping units to serve the industry, and GE is supporting Carbon Holdings to build the world’s largest naphtha cracker plant. GE also is collaborating with GASCO, the Egyptian Natural Gas Company, to operate the Pipeline Integrity Management Center of Excellence (PIMCOE), while in healthcare, cooperation between GE and the Ministry of Health has developed the first-of-its-kind tele-radiology project to link remote hospitals to a central image repository in Cairo.
For more on how GE’s 400-plus employees work today across Egypt to help their customers address some of the toughest challenges in the fields of healthcare, lighting, transportation, aviation, power and water, and oil and gas, click here.