COOPERATION AGREEMENT between ARAB ORGANIZATION FOR INDUSTRIALIZATION and KOREA AEROSPACE INDUSTRIES, LTD.

Major General. Engineer  Mokhtar AbdelLatif, Chairman of the Arab Organization for Industrialization, emphasized the importance of cooperation and partnership with international expertise, in implementation of the directives of President Abdel Fattah El-Sisi on the importance of localizing technology and increasing the proportions of the local component and added value in the various defense industries

This came during the signing of a cooperation agreement between the Arab Organization for Industrialization and the Korea Aerospace Industries (KAI), which is one of the largest South Korean companies specialized in aerospace manufacturing technology.

In this regard, the Chairman of the Arab Organization for Industrialization, expressed his pride in the importance of this cooperation and partnership with (KAI), pointing out that it was agreed to localize the technology of manufacturing an advanced training aircraft to meet the needs of the armed forces, and to export to African and Arab countries, by making use of the advanced production capacities of the aircraft factory. of the Arab Organization for Industrialization.

He added that the areas of cooperation include the exchange of experiences and the training of human cadres in the authority on manufacturing and maintenance work according to the latest digital manufacturing systems, expressing the aspiration of the Arab Organization for Industrialization to open new areas of cooperation in various advanced defense industries, through a coordination committee between the two sides to follow up on the implementation of joint projects.

For his part, Mr. Kang Wong-sik, Advisor to the Chairman of the Board of Directors of the Korea Aerospace Industries Company, expressed his pride in the importance of cooperation with the Arab Organization for Industrialization, the industrial backbone of the Egyptian state and its expertise in various manufacturing and human capabilities in accordance with international quality systems in various industries, stressing that the Egyptian market Attractive to investments, promising and of strategic importance to the countries of the African and Arab region.

He added that (KAI) is looking forward to strengthening aspects of partnership with Arab Industrialization in many other defense industries