PM, CEO of Ariston Group Discuss Investment Expansion in Egypt

Prime Minister (PM) Mostafa Madbouly met with Paolo Merloni, CEO of the global Ariston Group, in the presence of Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation; Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade; and Ambassador Mohamed Nagm, Egypt’s Ambassador to Switzerland. 

The meeting took place during the second day of Dr. Madbouly’s participation on behalf of President Abdel Fattah El-Sisi in the World Economic Forum (Davos 2025) in Switzerland.

At the beginning of the meeting, the Prime Minister expressed his aspiration to enhance cooperation and investments with Ariston Group, emphasizing the company's strong presence in the Egyptian market over the years.

Madbouly stated that he looks forward to hearing the group’s plans for expanding its investments in Egypt in the coming period.

In response, Merloni highlighted that Ariston Group has invested €30 million in Egypt and aims to double its production this year. He affirmed the group's strong presence regionally and internationally.

He also noted the group’s commitment to enhancing its competitiveness in the Egyptian market, leveraging the positive reputation of its products in the country.

Moroever, the CEO expressed his eagerness to engage with relevant authorities to learn about the incentives and benefits available for expanding the group’s operations and to facilitate the import of necessary components for manufacturing its products.

Furthermore, PM conveyed his interest in visiting the group’s factory in Egypt and directed the Minister of Investment to address all the group’s inquiries and remove obstacles to support its investment expansion.

For his part, Al-Khatib confirmed his commitment to engaging with the group in the coming period to resolve any issues and provide clarifications.

He also emphasized that, given the Central Bank’s stable monetary policies, Ariston Group can ensure the repatriation of its profits abroad, supported by the stability of the exchange rate and overall monetary policy.