Major General, Engineer Mokhtar Abdel Latif, Chairman of the Arab Organization for Industrialization, stressed the implementation of the directives of President Abdel Fattah El-Sisi to strengthen partnerships and cooperation with brotherly Arab countries, and to open new areas for investment and localization of technology through the production and marketing of joint Arab products, according to the latest quality standards. Globalism.
This came during the signing of a memorandum of understanding between the Arab Organization for Industrialization and Al-Awadhi Investments Company.
In this context, Major General A.H. Engineer "Mokhtar Abdel Latif" expressed his appreciation and pride in this cooperation with Al-Awadhi Emirati Investments Company, indicating that Arabia for Industrialization is looking forward to strengthening cooperation with our Arab brothers in all fields of various industry, pointing to the Authority's interest and welcome to the return of Arab countries To partner with the Arab Organization for Industrialization, in all fields of manufacturing, especially in light of the availability of an attractive and promising investment climate that Egypt is currently witnessing, in addition to the flexibility provided by the Arab Organization for Industrialization by its international regulations.
The Chairman of the Arab Organization for Industrialization explained that the areas of cooperation agreed upon include industrial integration and partnership in various fields and the implementation of integrated projects, including the development of a factory for the production of solar cells, and another factory for the production of energy-saving lighting units (LED), lighting units that operate on solar energy, and the establishment of charging stations for cars. Electricity, the development of an electric car factory, another factory for electrical transformers, a project to produce hydrogen and ammonia, and the development and construction of solar energy stations, pointing to work to enhance joint marketing of these products in brotherly and friendly Arab and African countries.
For his part, Mr. Shoaib Aziez Al-Awadhi, CEO of Al-Awadhi Emirati Investments Company, expressed his appreciation for this cooperation with the Arab Organization for Industrialization, which has a pioneering historical role that we are proud of in the Arab industry in all fields of industry since its establishment, indicating that we aim with this agreement to establish partnerships A long-term joint venture in many different fields of industry, and the implementation of many important projects in Egypt and the Arab and African countries through cooperation with the Arab Organization for Industrialization, the industrial backbone of the sister Egyptian state, praising the organization’s commitment to all international quality standards and having distinguished experiences in implementing various industrial and economic development projects .