Egyptian Companies Declare Support for the Global Compact

UN Global Compact
January 8, 2003

Six Egyptian companies have pledged their commitment to support the Global Compact and its nine principles. The companies are: Sonac Societe Nationale du Commerce; Americana Group; Talaat Mostafa Group; MADICO; MOBICA; and Orascom Construction Industries.

The engagement of Egyptian business leaders is an important step forward in rooting the Compact and its principles in business activities around the world. By taking a stand on the Global Compact and its principles, the business leaders are demonstrating a willingness to create bridges with the international community and to engage in a process of learning and action in support of responsible corporate citizenship. In addition, their commitment sends an important signal that business leadership and pragmatism can stimulate international cooperation towards a more sustainable and inclusive global economy – the vision of the Global Compact.

Pending political developments in the region, a major event will be scheduled in 2003 in Cairo to advance the implementation of the Global Compact.

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