Lieutenant-General, "Abdel-Moneim Al-Terras", Chairman of the Arab Organization for Industrialization, stressed the importance of implementing the directives of President "Abdel-Fattah Al-Sisi" to increase investment opportunities in Egypt and to localize technology in cooperation with global expertise, pointing to the importance of investing in the depth and strength of relations between "Cairo and Bucharest" through the Egyptian Committee - Romania, and how to benefit from it to open new horizons for joint cooperation in various fields of industrialization according to the latest systems of the Fourth Industrial Revolution.
This came during the visit of a delegation from the largest Romanian companies specialized in the field of defense and civil industries.
This visit comes within the framework of strengthening all aspects of cooperation and joint industrialization in light of the current investment climate witnessed by Egypt and Romania's presidency of the Economic Cooperation Organization in the Black Sea region.
The meeting witnessed a presentation of the vision of the Arab Industrialization regarding the deepening of local manufacturing, the localization of technology and the training of human cadres in cooperation with major Romanian companies in many different fields of industry, including the defense, security and civil industries, electronics, communications, digital transformation, agricultural tractors and smart systems in the field of agriculture.
At the end of the meeting, the Romanian companies were invited to form a technical team to visit the units of the Arab Organization for Industrialization to see the possibilities available there on the ground and to identify the proposed aspects of cooperation between the two sides in the various fields of manufacturing.
In this regard, the "Terrace" clarified that the Arab Industrialization is looking forward to strengthening joint cooperation with major Romanian companies, to deepen local manufacturing and increase the added value in the local industry, pointing to the discussion of increasing competitive opportunities to market joint production in the Egyptian, African and Arab market, as well as the possibility of exporting these products to other countries. African countries benefit from trade agreements and free trade zones such as COMESA, which are promising markets for all products planned to be manufactured in Egypt, and which can be considered a starting point for Africa and the surrounding countries to market products to them.
In a related context, the "Terrace" discussed with the Romanian side the return of the production of the Romanian agricultural tractor with modern specifications and studying the possibility of manufacturing it in Egypt to meet the local market and export to Africa and Europe.
For his part, Major General Dr. "Theodor Ensicas", Head of the General Department of Armament at the Romanian Ministry of Defense, expressed the aspiration of the major Romanian companies to open new horizons for cooperation with the Arab Organization for Industrialization, that important industrial entity in Egypt and the African and Arab region, praising the development witnessed by the Arab Organization for Industrialization at various levels. And the remarkable activity in supporting the deepening of local industrialization in the various national and development projects that Egypt is witnessing.
He added that there are important opportunities to enhance trade cooperation between Egypt and Romania, especially that the two countries enjoy distinct and promising economic and geographic capabilities, pointing out that cooperation with Arab Industrialization comes within the framework of transferring and settling technology and training to achieve a long-term strategic partnership.
Within the framework of the visit, the Romanian delegation inspected the exhibition of the products of the Arab Organization for Industrialization, and then went to the Arab Academy for Industrialization for training, where they expressed their admiration for the various Arab Industrialization products and their manufacturing capabilities to develop technology by scientific methods to achieve the highest rates of local manufacturing and the transfer and settlement of modern technology in various fields of industry. As well as modern training plans and training human cadres on digitized machines and software, as well as the necessary training aids from computers and simulation systems to achieve a safe digital transformation targeting a better return on investment and raising production efficiency and quality.