Localization
During the meeting, Prime Minister Madbouly emphasized the importance of the Yazaki braid factory in promoting the localization of automobile component manufacturing, aligning with Egypt's strategy for developing the automobile industry
The minister confirmed that there is no going back from the decision to localize industry in Egypt.
Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, affirmed that the ministry and its subsidiaries are working to gradually localize the industry to reach 100% and give priority to the Egyptian product.
The MoU opens a new era of cooperation between Korea and Egypt in the transportation area including railways and metros.
Egypt's Prime Minister Mostafa Madbouli on Sunday chaired a meeting to discuss steps taken to transfer the tablet manufacturing technology to Egypt.
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