In the presence of Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and the Minister of Investment: The Minister of Investment witnesses the inauguration of the new production lines of “Mars” company in Sixth of October City.
The new expansions of Mars company involve investments exceeding $280 million during the period from 2023 to 2025.
Minister of Investment and Foreign Trade: The project comes within the framework of significant expansions of American companies operating in Egypt during the current year.
We are keen to deepen local industry, increase added value, and enhance the ability of the Egyptian product to compete in international markets.
El-Khatib
The Egyptian state is committed to supporting all investments. This initiative contributes to deepening local industry, increasing exports, and creating new job opportunities for young people. In the presence of Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, witnessed today the inauguration of the new production lines at the Mars Wrigley factory in 6th of October City. Also present were Engineer Adel El-Naggar, Governor of Giza, and Mr. Frank Mars, member of the board of directors of Mars Global and the fourth generation of the family that founded the company. In his speech during the inauguration ceremony of the production lines, Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, affirmed that Mars Company’s expansions, with investments exceeding $280 million during the period from 2023 to 2025, have made its factory in Egypt one of the five largest factories owned by the company worldwide.
This is a clear confirmation of the growing confidence in the Egyptian economy and the Egyptian state’s ability to provide a stable and attractive investment environment, supported by strong infrastructure and supporting services for any production expansion, despite the unprecedented economic challenges the world is facing.
The Minister of Investment and Foreign Trade stressed that this investment is a model for the integration of investment, production, and export, which is the approach adopted by the Egyptian state in its new economic vision, through deepening local industry, increasing added value, and enhancing the ability of the Egyptian product to compete in international markets. He added that with the operation of these new production lines, the factory’s export volume will increase to more than 90% of its total production, reaching more than fifty markets in Europe, Asia, and the Middle East. This will strengthen the company’s position among the leading exporters of food products from Egypt and consolidate Egypt’s position as a regional center for manufacturing and trade, benefiting from its distinguished geographical location and its extensive network of trade agreements with various countries around the world.
Al-Khatib explained that the Ministry of Investment and International Cooperation, in cooperation with the Ministry of Industry and the General Authority for Investment, was keen to provide support to the company in implementing its new project by facilitating all necessary procedures and approvals, and ensuring that it benefits from the incentives stipulated in the Investment Law. This was done in full coordination with all relevant authorities to ensure speed of completion and accuracy of implementation.
He added that this project comes within the framework of significant expansions by American companies operating in Egypt during the current year, which reflects the strength of the economic partnership between Egypt and the United States, and the continued confidence of the American business community in the growth opportunities within the Egyptian market.
The Minister of Investment and Foreign Trade explained that the Egyptian government, under the directives of His Excellency President Abdel Fattah El-Sisi, is working to establish a long-term investment environment based on clarity and stability, while continuing efforts to alleviate the non-tax financial burdens borne by investors, and to regulate and govern the system of fees and charges in a way that achieves fairness and sustainability. He added that we are moving steadily towards digital transformation and connecting the entities concerned with investment through unified platforms to facilitate services and reduce processing times, thereby enhancing transparency and efficiency.
The Minister praised the social role played by Mars in Egypt, through supporting development and community initiatives, and providing training and employment opportunities for young people, which reflects its genuine commitment to contributing to achieving sustainable development for Egyptian society. He added that what has been achieved represents a clear message that the Egyptian state is committed to supporting all serious investments that contribute to deepening local industry, increasing exports, and creating new job opportunities for young people. Mars’ investments also embody a successful model of integration between global capital and Egyptian efficiency, and between international expertise and local capacity for implementation.
