CEO of Siemens Joseph Kaiser - TV Screenshot
CAIRO – 30 October 2018: CEO and Chairperson of German electronics manufacturing Company Siemens, Joseph Kaiser, said that there is no place in the world where infrastructure is being developed as quickly as in Egypt.
This came during a speech by Siemens president at the G20 informal investment summit with German companies and member countries of the Partnership with Africa initiative held in Berlin.
Kaiser added that Egypt is the second partner for the company, adding that the company is proud of its long-term work in Egypt
Kaiser further talked about three giant electricity plants Siemens built in Egypt, noting that a big number of Egyptian companies participated in these projects, with about 1,200 Egyptian engineers having been trained in Germany.
In July, President Abdel Fatah al-Sisi inaugurated three giant electricity plants, provided by Siemens, to produce electric power for 40 million citizens, in addition to the provision of power to companies and factories for many years to come.
“The plants will also provide Egypt with prosperity, flexibility and diversification, enabling the country to export energy to Europe and establish cooperative relations with Saudi Arabia,” Kaiser said during his speech in the inauguration of the megaprojects.
The projects are located in the New Administrative Capital, Beni Suef, and Burullus with a total capacity of 14400 megawatts, or about 50 percent of the electricity grid.
CAIRO - 24 July 2018: The three giant electricity plants, provided by Siemens, produce electric power for 40 million citizens, in addition to the provision of power to companies and factories for many years to come, CEO of Siemens Joseph Kaiser said.
Kaiser also pointed out in a television interview that Egypt is one of the top countries that witnessed high growth rates and developments in infrastructure, education and transport fields in the past four years.
Moreover, Sisi thanked Siemens during his speech at the investment forum for their contributions to increasing the country’s energy capacity through setting up three power plants.
In the same context, Egypt and Siemens signed an agreement on the sidelines of the forum to expand training of vocational education students.
During the forum, Siemens broadcasted a short movie about the development in Egypt; observing the value of the mechanism of work in the framework of infrastructure and technology in various parts of Egypt, noting that it works for the digital transformation in Egypt.
It ended the movie by: “With Egypt for Egypt”.
The investment forum is sponsored by German Chancellor Angela Merkel and attended by President Sisi, a number of African presidents and heads of several heavyweight German companies.