The Minister of Business and Military Production and the Chairman of Arab Industrialization agreed on the final feasibility study

09/03/2021

Mr. Hisham Tawfiq, Minister of Business Sector and Engineer Mohamed Ahmed Morsi, Minister of State for Military Production, and Lieutenant General Abdel Moneim El-Terras, Chairman of the Arab Organization for Industrialization, agreed on a final feasibility study for the establishment of a tire production plant of all kinds, to be established in partnership between the Ministries of Business, Military Production and Arab For manufacturing.

The final talks took place via video conference with the German company "Ronald Burger", one of the international consulting companies based in France, which was assigned to prepare the marketing, financial and economic feasibility studies for the auto tire project.

In this regard, Minister "Hisham Tawfik" stressed that this cooperation is an important step to unify efforts and achieve integration in the tire industry and revive this industry and deepen it locally in accordance with international quality standards, as well as promoting such kind of local investments, and providing national products to global markets, to meet The needs of the local market and import substitution of tires, in addition to exporting abroad.

The Minister of State for Military Production also clarified that this cooperation reflects the integration between "military production" and the various industrial entities in the country, including the Ministry of Business Sector and the Arab Organization for Industrialization, stressing the Ministry's utter keenness to direct the manufacturing, technical, technological and human capabilities available to the companies and its units to implement the various national projects in the country, which are Benefit to the citizen and the national economy of the country.

For his part, "The Terrace" stated that all aspects of the final feasibility study of the international "Ronald Burger" company were discussed and researched regarding the establishment of a strong national industrial alliance for the manufacture of vehicle tires of all types, including passenger cars, transport, buses, agricultural tractors and heavy equipment.

Al-Terras emphasized that this cooperation provides many job opportunities for young engineers and technicians and training on the latest technology according to the standards of the Fourth Industrial Revolution.