The Minister of Trade and Industry and Chairman of the General Authority for the Suez Canal Economic Zone and Chairman of the Arab Organization for Industrialization witnessed the cooperation agreement ceremony between Bennaya Capital and Arab Industrialization Company. Bunya Capital (previously Viber Egypt for Communications and Information Technology), a leader in communications and information technology solutions and services and technological infrastructure in Egypt and the region, has announced its partnership with the Arab Organization for Industrialization to establish the largest plant for Lat fiber optic in Egypt and the Arab and African region, the size of investments exceed one billion pounds, in the economic area of the Suez Canal.
This agreement comes within the framework of the Arab Organization for Industrialization strategy to implement the country's plan to deepen local industrialization, technology localization and reduce imports, in partnership with global expertise.
In this regard, lieutenant-general , "Abdel Moneim El-Terras", President of the Arab Organization for Industrialization, stressed the implementation of the directives of President "Abdel-Fattah El-Sisi" to deepen local industrialization, transfer and localization of modern technology and work to reduce imports, which contributes to increasing the added value of Egyptian products and achieving digitization of all giant development projects .
"The Terrace" indicated that Egypt has made concrete steps to achieve the goals of the digital transformation plan, confirming the interest of Arab Industrialization to support the country’s strategy to achieve smart digitization, development and promotion of communications solutions in Egypt and the continent of Africa in accordance with international quality standards and participation in the creation of communications lines for giant digital projects that are characterized by speed and safety of circulation Information and communication.
"The Terrace" stated that this industrial edifice will provide many job opportunities for young engineers, technicians and training in the latest technology in the standards of the fourth industrial revolution, pointing out that the Arab Industrialization Authority aims with this partnership to establish a national industry that meets the needs of the local market from advanced technology infrastructure for networks and communications to serve Development projects and smart cities inside Egypt, in addition to opening export outlets for the Arab region and Africa.
In a related context, Al-Terras indicated that Arab Industrialization is keen on continuing the production process and managing the production wheel through the production of sterilization units and protective requirements in order to support the state in taking all precautionary measures and measures to prevent the emerging corona virus.
For his part, Eng. Ahmed Makki, Chairman and CEO of Banaa Capital, explained that this cooperation is the first of its kind in Egypt to achieve smart digitization of giant digital projects, indicating that we are targeting the development of technological infrastructure in all development projects and related IT solutions and services.
"Makki" pointed out that the optical fiber industry is the cornerstone for launching digital transformation projects economically, especially in light of the major national projects undertaken by the state in the field of new cities, technological infrastructure and smart applications.
He added that it is planned that the experimental production of the factory will start during the third quarter of next year 2021 with an annual production capacity of more than four million kilometers of optical fibers and that capacity will increase successively according to an ambitious and practical expansion plan for the company, stressing that Egypt will become one of the most important international centers for storing and transmitting data
This, through choosing "Corning Incorporated", the world leader in optical fibers, cables and communications solutions, as a strategic supplier of optical fibers to the factory, the company will provide various support for the project and provide a group of innovative world-leading solutions, along with reliable supplies based on global manufacturing capabilities The company, which is the first to invent optical fibers characterized by low signal degradation, which has changed the way the world manufactures, shares and consumes data.
Richard Nevins, vice president of commercial operations for optical fibers at Corning "Incorporated", expressed his pleasure in choosing the company as a strategic supplier for this promising project through the structure of the company (Viber Egypt), which confirms that the new factory is able to provide high-quality cables Through the use of the latest and most advanced global innovations in the optical fiber industry, in addition to providing a safe supply to meet the increasing demand rates in Egypt and the region through the global technological capabilities enjoyed by Corning.
For her part, the Minister of Trade and Industry Mrs. Nevin Jameh stressed the government's keenness to take advantage of the tremendous manufacturing capabilities of the Arab Organization for Industrialization to expand the Egyptian industrial base and deepen local manufacturing and increase the added value of Egyptian products to the local and global markets, which contributes to achieving the ministry's vision to increase dependence on The national industry meets the needs of the local market to replace imports and reduce the trade deficit.
Jameh pointed out that the signing of this agreement comes to emphasize the main and pivotal role that the Arab Organization for Industrialization plays in introducing the latest production technologies and the highest quality standards for the Egyptian industry, stressing that the authority is a key partner of the Ministry of Trade and Industry in implementing the national plan to deepen local manufacturing and provide national products matching the Egyptian specifications And universality is gaining local acceptance and international popularity.
In this context, Eng. Yahya Zaki, President of the Economic Authority of the Suez Canal, confirmed that the project is the largest factory for the production of optical fiber cables in the economic zone in the southern sector in Ain Sukhna, within the framework of cooperation between the Arab Organization for Industrialization and the economic zone to create real development and attract