Techno Office, an agent of the Xerox corporation in Egypt, is aiming to achieve 15% growth in sales this year according to company chairman Ahmed Ghanem.
On the sidelines of a press conference held by the American Chamber of Commerce (AmCham) in Egypt on Monday, Ghanem claimed that the Egyptian economy is on the right path, which should reflect positively on company sales in the near future.
Techno Office sales last year ranged between EGP 10-15m, Ghanem said, declining to disclose sales for 2014, saying that things were moving in a positive direction.
On Monday, 120 American investors visited Cairo and met with Prime Minister Ibrahim Mehleb and President Abdel Fattah Al-Sisi to discuss incentives offered to foreign investors to inject new capital into new and existing projects.
Ghanem decribed the event as a conference “where investors recognise the strengths of the Egyptian economy and the government, at the same time, admits its weak points, which allows them to arrive at a mid-point that benefits both parties.”
According to AmCham, American investments in Egypt amounted to approximately $19bn at the end of last year.
Ghanem declined to reveal the company’s annual share in the sales sector or their most important clients.
There are 15 Xerox agents operating in Egypt, and Techno Office is located in Cairo.
