H.E. Rachid Mohamed Rachid took up his duties as Minister of Trade and Industry in Egypt in July 2004, a member of the economic team appointed in the cabinet reshuffle. As Minister, his duties include his role as alternate Board Governor at the Arab Development Bank for Economic Development in Africa and member of the COMESA Bank Board of Governors.
H.E. Rachid Mohammed Rachid comes to Government from a prominent career spanning more than two decades in international business. During that time, the Minister served as President of Unilever North Africa, Middle East, and Turkey. He also acted as Chairman of the Board and consultant for a number of leading multinational companies based in the United Kingdom. His international activities currently include his membership of the Executive Committee of the Arab Business Council, the World Economic Forum (DAVOS), and the Investment Advisory council in Turkey, under the supervision of the Turkish Prime Minister.
Minister Rachid is a founding member, and a prominent participant, in many of Egypt’s leading institutions and think tanks. He is founder and member of the Board of Directors of the Egyptian Center for Economic Studies and the Future Generation Foundation. He sits on the Board of Trustees of the Arab Academy for Technology and Science and was formerly a member of the Egypt-US President’s Council, chaired by President Hosni Mubarak.
Rachid Mohammed Rachid is founder and Chairman of the Alexandria Development Center. He also chairs the Board of Trustees for the New Borg El-Arab City in Alexandria and the Egyptian Dutch Business Council. He is member of the Board of Directors for HSBC Bank, the Egyptian British Council, the Egyptian European Association at Cairo University, the Social Development Fund for Egypt, and the Finance and Administration Committee of the Alexandria Library.
The Minister received his B.Sc. in Mechanical Engineering from the Faculty of Engineering at Alexandria University in 1978. He has attended a number of management programs in the United States, including the Management Development Program at Stanford University in 1983, the Strategic Management Program at MIT in 1993, and the Advanced Management Program at Harvard Business School in 1996.