Madbouly: We look forward to developing cooperation and investments with the group "Ariston" Global

Prime Minister Dr. Mostafa Madbouly expressed the Egyptian government’s aspiration to develop cooperation and investments with the “Ariston” group. Global, in light of its strong presence over the years in the Egyptian market..

 

Indicating that he also looks forward to hearing about the group’s plans to develop its investments in Egypt during the coming period.

p>This came during a meeting with Dr. Mostafa Madbouly, Prime Minister, on the second day of his participation on behalf of President Abdel Fattah El-Sisi, President of the Republic, in the activities of the World Economic Forum “Davos 2025”. In Switzerland, with Paolo Merloni, CEO of the Ariston Group. Global, in the presence of Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, and Ambassador Mohamed Negm, Egyptian Ambassador to Switzerland. 

For his part, Paolo Merloni, President CEO of Ariston Group Global, said that the group has developed its investments in Egypt by investing 30 million euros, as well as seeking to double its production during the current year, stressing that the group also has a strong presence, whether at the regional or international level.

In the same context, Paolo indicated Merloni noted that the group seeks to develop its capabilities to compete in the Egyptian market within the framework of the good reputation enjoyed by its products in Egypt.

The CEO of the Ariston Group also expressed his aspiration for consultation. With the concerned authorities in order to learn about the advantages and incentives that will be granted to the group to expand its activity, as well as to overcome all procedures for importing the components necessary to manufacture the group’s products.

For his part, the Prime Minister confirmed his aspiration to visit the group’s factory in Egypt, directing the Minister Investment will communicate with the group to answer all its inquiries and remove all obstacles facing it in order to double its investments.

While the Minister of Investment and Foreign Trade confirmed that he will communicate with the group during the coming period in order to overcome all obstacles facing it and answer responded to all inquiries, explaining that in light of the current stable monetary policy of the Central Bank, the “Ariston” group can… Ensuring that all its profits are transferred abroad in light of the stability of the exchange rate and monetary policy in general.  

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