The Arab Organization for Industrialization continues to take successful steps to strengthen partnerships with major international companies, attract investment, and localize technology in many industries.
In this context, a memorandum of understanding was signed between the SEMAF Factory, one of the Arab Organization for Industrialization's factories,
and the Chinese company CRRC SHANDONG Co.
The signing ceremony was attended by Al-Fatima International Trading Company.
During the signing ceremony, Major General Eng. Mokhtar Abdellatif , Chairman of the Arab Organization for Industrialization, expressed his appreciation and pride in this cooperation with the Chinese global company, noting that this cooperation represents an important step towards deepening local manufacturing and localizing the latest technologies by leveraging the advanced manufacturing capabilities of the leading SEMAF factory in the railway and subway industries, headed by Major General Eng. Ahmed Shaker.
He mentioned that an agreement had been reached to cooperate in the manufacture and supply of 210 various freight cars for the express train for the benefit of the National Authority for Tunnels and the General Authority for Subways.
He explained that we aim to meet the needs of the Egyptian Ministry of Transport with products that meet international quality standards, which contributes to reducing import rates, in addition to opening export outlets to foreign markets at competitive market prices.
For his part, Mr. Dai Xien, Vice President of the Chinese company,
expressed his appreciation for this cooperation with the Arab Organization for Industrialization, the industrial backbone of the Egyptian state , expressing his aspiration to achieve industrial and commercial integration with the organization to meet the needs of the local market and work to open new export outlets to foreign markets
He also praised SEMAF's commitment to all international quality standards and its outstanding manufacturing capabilities in the field of railways and subways.