Minister of Industry Tarek Kabil during the conference- File Photo Minister of Industry Tarek Kabil during the conference- File Photo

Egypt signs MoU with Siemens for industrial development

Sun, Sep. 17, 2017
CAIRO – 17 September 2017: The Ministry of Industry and Foreign Trade signed a memorandum of understanding (MoU) with German conglomerate Siemens to upgrade and develop the industrial skills, Minister of Industry Tarek Kabil said in a statement Sunday.

The agreement targets finding and implementing technological solutions to a number of industries, in addition to increasing efficiency of technical training of workers, Kabil added.

Coming under the framework of the Industrial Development Strategy 2020, the agreement is in line with the ministry’s plan, which aims to create a digital industrial system, automatic operations solutions and remote control services for industries.

Kabil said that the agreement is paving the way for Siemens to become a technological partner for the Ministry of Industry in the field of technological solutions.

The first projects that will benefit from this cooperation are Al-Robeiky leather city and Damietta furniture city, where Siemens will provide training and equipment for workers, according to the minister.

Signing the agreement came during the Siemens-organized conference about digital transformation of the industrial sector, attended by 300 business leaders from both public and private sectors.

“Egypt doesn’t only aim for digital transformation, but it aspires for the Egyptian industrial sector to be effective regionally and internationally over the next two decades,” Kabil said during the conference.

Siemens is leading a €8 billion ($9.4 billion) contract to build three 4,800MW combined cycle gas-fired plants in Egypt, each with eight units. The power plants will be located in Burullus, the New Administrative Capital and Beni Suef.

The project involves six 500/220kW substations. Upon completion, the three stations will account for almost 50 per cent of Egypt’s electricity production.
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