AOI keen on backing State efforts to increase value added of Egyptian industry

CAIRO, 14 Feb 2019: Chairman of the Arab Organization for Industrialization Abdel Monem el Taras underlined on Thursday the importance of boosting all State efforts aiming at increasing value added of the Egyptian industry and deepening local manufacturing.

He said the organization is contributing to the national plan of local industrialization and all infrastructure projects to implement the State's strategic development plan.

El Taras gave the remarks during the signing of a contract between Helwan company, which is affiliated with the organization, and German company Vattenfall to supply, install and test a 1,600 mm polyethylene pipeline.

He expressed the organization's readiness to expand partnerships with global companies.

He reviewed existing cooperation between the organization and the German companies in the new and renewable energy domain, infrastructure, drainage water treatment, electric transport and electronics.

He stressed that the organization has vast potentials that qualify it to partner with global companies in carrying out joint projects.

The German official expressed his appreciation for enhancing cooperation with Egypt and Egypt's role in contributing to industrial development and technological progress.

He praised the technical expertise of the Arab Organization for Industrialization and its technological potentials.