The Definitive Guide to Living in the Capital , Cairo , Egypt

Apple Is Looking for Investment Opportunities in Egypt
    written by
    Sherif Khairy

    Featured image via The Verge

     

    After we wrote a few days ago about Mercedes-Benz looking to open an assembly plant in Egypt, today, it seems that Apple is looking to learn more about investment opportunities in our beloved country, according to a statement made by the Egyptian Ministry of Investment. The Prime Minister of Egypt met with Tim Cook, CEO of Apple. In their meeting, Cook addressed the topic of investment in Egypt in terms of educational technology, and said that he was open to the idea. 

    Afterwards, Mostafa Madbouly, Prime Minister of Egypt, invited Cook to visit Cairo, in an attempt to move forward with the idea of investing in the New Administrative Capital. As of today, there are no concrete pieces of information regarding the nature of the investment, or indeed the time at which such investment is set to commence. However, the meeting carried great importance for Egypt as the Investment Minister Sahar Nasr, Trade Minister Amr Nassar and Finance Minister Mohamed Maait were all in attendance. Indeed, Dr. Madbouly stated that Egypt is “looking forward to Apple’s investment in Egypt,” especially considering the popularity of the company’s products among Egyptians. 

    Apple CEO Tim Cook indicated that the company is interested in investing in the educational sector; this could work well with Egypt’s plan to provide 750,000 tablets annually for high school students. Madbouly highlighted that Apple could provide much appreciated assistance and can even benefit from participating in this project. He added that Egypt is looking to establish a number of smart cities around the country. 

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