Egypt achieves record primary budget surplus of EGP 629bn despite sharp fall in Suez Canal revenues    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year    After Putin summit, Trump says peace deal is best way to end Ukraine war    Jordan condemns Israeli PM remarks on 'Greater Israel'    Egypt's Supreme Energy Council reviews power supply plans for 14 industrial projects    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egyptian pound closes high vs. USD on Tuesday – CBE    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



philanthropic industrialist
Published in Ahram Online on 14 - 09 - 2021

Thousands of people participated in the Friday funeral of Haj Mahmoud El Araby, the self-made businessman known for his philanthropic activities. Images of the funeral were widely shared on social media, accompanied by posts from employees at his company, El Araby Group, and by members of the public testifying to how the business mogul had touched, and in many cases changed, their lives.
El Araby was born in 1932 in Abu Raqaba village in Menoufiya to a poor family. He received little education, first memorising the Quran before joining primary school which he left when he reached grade four because his family could no longer afford to keep him in class.
El Araby worked from an early age, at first selling cheap toys to boys in his village. He then moved to Cairo and began working in shops, eventually opening his first business, a stationary shop, with two partners.
When, a few years later, one of the partners opted to leave the business and El Araby's second partner died, he would send profits from the shop to the latter's children.
In 1964 he partnered with his brothers and founded El Araby Group. The company began by selling electrical appliances in Al-Moski, and by 1975 had become the authorised distributor of the Japanese Toshiba brand. He subsequently established Toshiba's largest factory outside Japan and acquired licences to assemble and distribute other Japanese brands. Such was his profile in Japan that in 2009 he was awarded the Medal of the Rising Sun by Japanese Emperor Akihito.
"Mahmoud El Araby is an icon of Egyptian industry. He introduced advanced technology to Egypt and built communities around his plants," Mahmoud Mohieldin, Egypt's former investment minister and an executive director of the International Monetary Fund, told Al-Ahram Weekly.
"The business model he established, growing a small project in the 1960s to one of the largest groups in the Middle East, should inspire all small- and medium-sized enterprises. It needs to be studied and duplicated in Egypt and across the Arab world."
Mohieldin attributes El Araby's phenomenal success to his ability to react quickly to market changes and the challenges they posed, and his determination to invest in new opportunities so that not only his group, but the society at large, benefited.
The factories he established were intimately connected to the surrounding communities. "When he established factories in Benha, Qoweisna, Qalioub and Beni Sweif he developed the local neighbourhoods, upgrading the skills of the nearby population and offering them job opportunities at his factories," said Mohieldin.
Economic consultant Moatasem Rashed describes El Araby as "the embodiment of a patriotic industrialist". In addition to industrial plants, he built two medical facilities and established a vocational learning institute to prepare young people for the labour market.
Mahmoud Zoheir, who worked with Haj El Araby for 18 years, told the Weekly that when El Araby interviewed applicants for jobs his selection criteria were based on the applicant's honesty, principals, and how he or she saw the future.
Though a former member of parliament, unlike many businessmen El Araby was not attracted to political life. "I believe I can better serve the community by creating 1,000 new jobs a year, and more if I can," he said in an interview.
El Araby, says Rashed, "was an ideal business man who was also a loving husband, good father, supportive manager and friend".
El Araby is survived by six sons and two daughters.

*A version of this article appears in print in the 16 September, 2021 edition of Al-Ahram Weekly


Clic here to read the story from its source.