El-Wazir visits MARS Egypt OCT plant to strengthen industrial cooperation
The visit included a comprehensive tour of the facility, covering production lines and packaging centers.
Welcomed by Osama Helal, MARS Egypt OCT Plant Director, the minister was briefed on the latest manufacturing technologies adopted by MARS and the quality and innovation standards implemented.
El-Wazir was also introduced to the plant's vital role in supporting the local economy through investments, employment and exports.
Commenting on the visit, Helal stated: "At MARS, we are deeply committed to supporting local industry by expanding domestic manufacturing, sourcing 100% of our packaging materials locally, empowering local talent, and promoting women's participation, even on production lines.'
'This visit gives us a strong incentive to continue investing in the Egyptian market and reinforces MARS' position as a global manufacturing hub serving international markets from Egypt," he added.
Since 2005, MARS' total investments in the Egyptian market exceeded $450 million. As of 2025, MARS Egypt OCT became a global manufacturing facility, exporting to more than 40 countries worldwide.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
11 hours ago
- Khaleej Times
UAE's Next MasterMind Awards 2025 unites icons of influence, innovation, and global leadership in Dubai
In a spectacular celebration of innovation, leadership, and global impact, the UAE's Next MasterMind Awards 2025 convened an exceptional gathering of global changemakers at the prestigious Al Habtoor Palace, Dubai, on June 21. The highly anticipated evening honoured extraordinary achievements across diverse sectors, while reaffirming the UAE's unwavering commitment to fostering excellence and recognising global leadership. This exclusive edition of the awards was dedicated to business and corporate leaders, authors, and coaching leaders — a thoughtfully curated selection of individuals driving the next wave of influence across industries. Established over 13 years ago, the MasterMind Awards, founded by Dr Mansoor Al Obeidli and co-founded by Dr Navana Kundu, has consistently served as a premier platform for celebrating visionary leaders who are spearheading global transformation. The evening was distinguished by the presence of two of the UAE's most respected figures as chief guests: Sheikh Mohamed Bin Kayed Al Qassimi, chairman of the Department of Economic Development, accompanied by Dr Mohammed Al Naeemat, and Sheikh Dr Salem BalRakkad Alameri, Chairman of the Board of Directors of the Emirates Cancer Society. Among the evening's notable honorees was Hind Sulaiman Alfahim of Sulaiman AlFahim Holding, who was recognised as the 'Emerging Emirati Leader in Global Sustainability'. She was joined by her father, the renowned entrepreneur Sulaiman Alfahim, whose enduring legacy in UAE real estate and philanthropy continues to inspire future generations. The ceremony also featured a series of impactful keynote addresses by distinguished voices in the fields of business, leadership, and innovation. Speakers included Dr Kundu, Dr Shaikha Almazrouei, Philippe Gerwill, Kafeel Ahmed Gudekar, founder of Al Maghribi Perfumes and Gabriel Reifinger, the visionary behind PowerFitness Coaching. The awards segment celebrated some of the most influential and inspiring individuals making waves across industries. Honourees included Dr Dana Alrahbi, Dr Shatha Alghazali, Meshal Al Marzooqi, Dr Rikhsibay Tursunov, Hemant Bajaj, Nisha Shoukath, Eiman Alkatheeri, Salma Yasmeen, Dr Osama Regaah, Gabriel Reifinger, May Al Buainain, Badreya Rashed, Razan Al Fahoum, Mary Saliba, Asma Zainal, Lorena Pineda, Sabir Shaikh, Prof. Sherley Louis, Dr Samah Mohamed AlThehli, Yuvraj Bahl, Doaa Sheikhani, Sara Kwaider, Dr Helal Al-Helal, Neetu Choudhary, Shaakira Ally, Neha Patel, Salman Thakur, Dr Manoj Kurup, Dr Shaikh Abdulla Xec, Eiman Ghanim Salem Bakheet Alkatheeri, Geetha Narayanan Nair, Dr Krishna Priya, Pawland, and Sohaib Irfan. Building on the momentum of this landmark event, the organisers have announced two upcoming editions: UAE's Next MasterMind Awards – World Beauty, Fashion, and Lifestyle, to be held on 20 September 2025, and UAE's Next MasterMind Awards – Healthcare, Aesthetics, Wellness, and Digital Transformation, scheduled for 22 November 2025.
Zawya
11 hours ago
- Zawya
Egypt: El-Wazir announces offering 36 factories to investors at Robbiki Leather City
Arab Finance: Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir announced the launch of the second offering of industrial factories at Robbiki Leather City. This comes within the third phase, which comprises 36 fully equipped factories for finished leather products. The offering will be available on Egypt's Digital Industrial Platform from July 5th to 27th. This initiative follows the success of the first offering, which was launched last December and resulted in the allocation of all offered factories with a coverage rate exceeding 100%. Implemented under the directives of President Abdel Fattah El-Sisi, the new offering aims to strengthen local industry and stimulate industrial investment, especially in key sectors with high added value, such as the leather industry. The 36 ready-to-operate factories span areas ranging from 121 to 2,000 square meters (sqm) to meet the investors' various demands. In this regard, six factories (2,000 sqm), 10 factories (1,000 sqm), and 20 industrial workshops (121 sqm) will be channeled through Cairo Company for Investment and Development (CID). El-Wazir noted that these factories serve varied production capacities, adding that multiple units can be merged for expansion-focused investors, ensuring smooth management. He also affirmed the ministry's commitment to supporting serious investors and bolstering a flexible, stable production environment within the Robbiki Leather City. The new offering, available under both instalment sale and operational rent systems, has unprecedented facilitations, including an integrated package of financing solutions secured with the Export Development Bank of Egypt (EBank). This facility covers machinery, working capital, technical support, and export assistance. Moreover, investors at the Robbiki Leather City will receive additional incentives, most notably an additional 50% of export burden refunds, to evolve global competitiveness. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
11 hours ago
- Zawya
Egypt secures natural gas supplies to all sectors via 4 FSRUs
Arab Finance: The Ministry of Petroleum and Mineral Resources is securing natural gas supplies to all sectors via four floating storage and regasification units (FSRUs), according to a statement. This move comes within the first pillar of the ministry's strategy to boost production and secure the state's needs of energy. It helps fulfill the demands of the electricity, industrial, and economic sectors safely and sustainably in line with the changing regional and internation energy market. The strategy aims to diversify the inputs into the national natural gas network to include production from domestic fields, pipeline-imported gas, and liquefied natural gas (LNG). Additionally, the ministry signed several agreements with leading international companies to lease advanced FRUs, which will expand the system's capacity and support a stable supply during peak periods. The ministry also highlighted efforts to prepare several new berths and connect them to the national gas grid, sustainably boosting Egypt's gas infrastructure. This will ensure balanced distribution between supply and demand areas to maximize the stability of the national grid. Berths have been deployed at the Sumed and Sonker ports in Ain Sokhna, in addition to the United Gas Derivatives Company (UGDC) berth in Damietta. This comes as part of the final phase of connecting the FSRUs to their designated berths according to the planned timeline. The 'Hoegh Galleon' unit has been deployed at Ain Sokhna since 2024, while the 'Energos Eskimo' and 'Energos Power' are connected to the Sumed and Sonker berths in Ain Sokhna. This is in addition to the 'Winter' unit connected to UGDC's berth in Damietta. Hence, the four units' combined daily capacity during the peak consumption of 2025 will stand at 2,700 million cubic feet. In cooperation with Jordan, a fifth FSRU, Energos Force, is expected to arrive at the Port of Aqaba by the end of July, as it will be connected to the Arab Gas Pipeline. This will add a new gateway to the national grids, enhancing the ability to respond to any emergencies during the summer, with a regasification daily capacity of up to 750 million cubic feet. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
