Mr. Mohamed has been the Managing Director of PACC since its establishment. Mr. Tawfik has twenty seven years of experience in the importing business. Graduating with honors from the Faculty of Economics & Political Sciences of Cairo University in 1991, Mr. Tawfik has twenty four years of experience in the importing business. short career with Abu Dhabi Bank‘s credit department, he established his first food importing business – MG Foods, S.A.E. in 1992. By 1996, his business topped USD 800 MM in annual turnover. PACC’s main food suppliers today are the fruition of his work in this arena over the years. In 1998, Mr. Tawfik started venturing in the importing of other strategic products, including lumber, oil & gas, as well as construction material, and by the turn of the past millennium, his imports were key in the manufacturing and construction business in Egypt, from North to South. By 2005, Mr. Tawfik joined forces with key businessmen in the region: he is the co-founder of AK for Real Estate Development and AK for Real Estate Marketing & Construction, currently possessing about eight million square meters of land on the Mediterranean. Both companies are currently in the process of developing world-class resorts for the purpose of tourism and recreation, with famous hotel and resort management companies such as MGM, the Montage and Hyatt on board. Mr. Tawfik currently sits on the board of several corporations, including AK for Real Estate Development, Borak Holding, Al Forsan and PACC.