Geyushi, Shandong sign 2 agreements in field of bus manufacturing

CAIRO - 27 December 2021: Geyushi Automotive industry and the Chinese Weichai Company (one of the Shandong International Heavy Industries Group companies) signed two cooperation  agreements in the fields of bus manufacturing and distribution of generators, engines and power stations.

Minister of Trade and Industry, Nevine Gamea who witnessed the signing ceremony said that these two agreements come within the framework of the ministry's direction towards deepening the local industry and supporting the trend towards the use of environmentally friendly buses and engines, especially in light of the presidential initiative that is currently being implemented related to replacing vehicles with clean energy.

She stressed the ministry's keenness to provide all support and assistance to Egyptian factories to increase the ratio of the local component in national products and start manufacturing products and supplies that are imported from abroad, within the framework of the comprehensive plan currently implemented by the Ministry to replace imports with locally made products

Gamea added that this signature contributes to strengthening the focus of using clean energy within the framework of the state's plan to rely on the green economy, and also contributes to the transfer of advanced Chinese industrial technologies and technologies to the Egyptian industry.

She pointed to the importance of strengthening trade cooperation between the two countries with regard to establishing specialized exhibitions for Egyptian products in the Chinese market, especially since a large number of Egyptian goods and products are produced with international standards.

The minister pointed out that cooperation between private sector companies in Egypt and China enhances the distinguished bilateral relations that link Cairo and Beijing and contributes to activating the presidential directives to implement the strategic partnership agreement signed between the two countries in a large number of fields, on top of which is strengthening cooperation in the industrial and commercial field and benefiting from Egypt's distinguished position as a gateway for Chinese exports to the African market.