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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