Orange’s Deputy Chief to attend Egypt Economic Summit

Gervais Pellissier, Deputy CEO of Orange SA, will attend Egypt’s Economic Summit, which will take place on March 12-15, 2015.

Orange, the French multinational telecommunications giant, has a majority shareholding of 98.92% in one of Egypt’s three mobile phone operators, the Egyptian Company for Mobile Services or Mobinil.

In the same vein, Yves Gauthier – CEO of Mobinil – told Amwal Al Ghad on Monday that Orange is interested in resuming its investments in Egypt, and still studies a potential capital increase in the coming period.

The Egyptian summit will take place on March 13-15, 2015, with the theme of “Egypt the Future”, aiming to encourage Gulf and international companies and organisations to invest in the country and contribute to its development.

Egypt hopes the conference – at which state agencies will unveil a raft of potential investment projects to would-be investors – will bring in some $20 billion worth of investments.