During his visit to Egypt with the MEDEF International French-Egyptian Business Council, Guy Sidos, Chairman & CEO of the Vicat group, signed an agreement with the Egyptian government represented by Minister of International Cooperation Dr Rania al-Mashst.
Attended the event were Egyptian Prime Minister Moustafa Madbouli and Minister of Justice Omar Marwan.
This agreement is intended to settle some investment dispute between Egypt and Vicat.
Long-term investor in Egypt since 2003, and main shareholder of Sinai Cement Company, the Vicat group has been committed since then to enhance the company profitability in promising market.
The group also values its close relationship with Egypt, which will remain the key of future success.
Guy Sidos said during the signing ceremony that “we believe that better days are coming for Egypt as it awaits a promising future, and we want to be part of it”.
He also said “we want to put Sinai Cement in a better position within the Egyptian market, as the cement industry is and will remain a major strategic sector of the country economy”.
