{"id":630787,"date":"2018-03-01T04:21:01","date_gmt":"2018-03-01T04:21:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/mars-sees-egypt-becoming-its-production-hub-for-the-mena-region-in-the-near-future\/"},"modified":"2018-03-01T04:21:01","modified_gmt":"2018-03-01T04:21:01","slug":"mars-sees-egypt-becoming-its-production-hub-for-the-mena-region-in-the-near-future","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/mars-sees-egypt-becoming-its-production-hub-for-the-mena-region-in-the-near-future\/","title":{"rendered":"Mars sees Egypt becoming its production hub for the MENA region in the near future"},"content":{"rendered":"

<\/a> Mars Wrigley Confectionery sees Egypt becoming its production hub for the MENA region in the near future<\/strong>, Vice President of Corporate Affairs for the AMEA region David Kiu said at a roundtable we attended yesterday. He added that the recently inaugurated EGP 750 mn production lines at its 6 October City factory will surpass its facility in Saudi Arabia as the MENA region\u2019s largest once it becomes fully operational in 2019. However, Mars is looking to the government to cut red tape, including streamlining the customs process<\/strong>, which Middle East and Africa General Manager Duncan McCulloch identified as the company\u2019s \u201cmain challenge.\u201d Separately, the company is working to source 100% of its packaging material from Egypt by year\u2019s end<\/strong> and is also planning to increase its dependence on locally sourced raw materials, including cocoa and sugar, according to Vice President of Supply Pascal Bouye. The company had announced on Tuesday<\/a> that it would double its investments in Egypt to EGP 2 bn this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mars Wrigley Confectionery sees Egypt becoming its production hub for the MENA region in the near future, Vice President of Corporate Affairs for the AMEA region David Kiu said at a roundtable we attended yesterday. He added that the recently inaugurated EGP 750 mn production lines at its 6 October City factory will surpass its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630787","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6c41af08-a2c2-4935-a788-37d7a709bd56","order":"0","is_powered_by":true,"section_story_id":"ee8439d6-dadc-4dbd-aea7-9ae66874d6c2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630776],"teaser":"","voice_url":""},"yoast_head":"\nMars sees Egypt becoming its production hub for the MENA region in the near future - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/mars-sees-egypt-becoming-its-production-hub-for-the-mena-region-in-the-near-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mars sees Egypt becoming its production hub for the MENA region in the near future\" \/>\n<meta property=\"og:description\" content=\"Mars Wrigley Confectionery sees Egypt becoming its production hub for the MENA region in the near future, Vice President of Corporate Affairs for the AMEA region David Kiu said at a roundtable we attended yesterday. He added that the recently inaugurated EGP 750 mn production lines at its 6 October City factory will surpass its […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/mars-sees-egypt-becoming-its-production-hub-for-the-mena-region-in-the-near-future\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-01T04:21:01+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/mars-sees-egypt-becoming-its-production-hub-for-the-mena-region-in-the-near-future\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/mars-sees-egypt-becoming-its-production-hub-for-the-mena-region-in-the-near-future\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mars sees Egypt becoming its production hub for the MENA region in the near future\",\"datePublished\":\"2018-03-01T04:21:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/mars-sees-egypt-becoming-its-production-hub-for-the-mena-region-in-the-near-future\/\"},\"wordCount\":177,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/mars-sees-egypt-becoming-its-production-hub-for-the-mena-region-in-the-near-future\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/mars-sees-egypt-becoming-its-production-hub-for-the-mena-region-in-the-near-future\/\",\"name\":\"Mars sees Egypt becoming its production hub for the MENA region in the near future - 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The fund had expected a 3.3% contraction for the region in April but has revised\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/99.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605072,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/baker-mckenzie-forecasts-egypt-to-have-third-highest-value-of-2019-mas-in-mena\/","url_meta":{"origin":630787,"position":3},"title":"Baker McKenzie forecasts Egypt to have third highest value of 2019 M&As in MENA","author":"enterpriseam admin","date":"20 December 2018","format":false,"excerpt":"Baker McKenzie forecasts Egypt to have third-highest value of 2019 M&As in the MENA region: The total value of M&A transactions in Egypt next year is expected to be the third-highest in the MENA region, Baker McKenzie says in its 2019 Global Transactions Forecast (pdf). The international law firm sees\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/4123.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624805,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/19\/egypt-is-susceptible-to-em-crisis-contagion-says-iif\/","url_meta":{"origin":630787,"position":4},"title":"Egypt is susceptible to EM crisis contagion, says IIF","author":"enterpriseam admin","date":"19 September 2018","format":false,"excerpt":"**#2 Egypt is among three net-importers in the Mideast that are susceptible to EM crisis contagion, says IIF: Egypt, Tunisia and Lebanon are the three Middle East countries most at risk of contagion from the unfolding emerging markets selloff, according to a report from the Institute of International Finance (IIF)\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1567.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592682,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/world-bank-sees-egypts-gdp-growth-outpacing-mena-average-this-year\/","url_meta":{"origin":630787,"position":5},"title":"World Bank sees Egypt\u2019s GDP growth outpacing MENA average this year","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"The World Bank sees Egypt\u2019s economy growing 5.5% this year, outpacing the MENA average of 1.5%, according to the World Bank\u2019s annual report (pdf). 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