AOI plans to resume cooperation protocol with Germany company

CAIRO - 24 May 2019: Head of the Arab Organization for Industrialization (AOI) Abdel Mon'em ِAltarras affirmed the importance of benefiting from the distinguished German know-how in the domain of manufacturing, in the light president Abdel Fatah al-Sisi's directives for the AOI to take part in the process of promoting the local industry.

Altarras made the remarks during talks with a delegation of DMG MORI German company to resume the activation of cooperation protocol with the company.

Under the protocol, an AOI affiliated factory should be equipped with the latest technologies, within the framework of the fourth industrial revolution.

Also, the protocol stipulates cooperation in the field of training technical and engineering cadres, including providing training for 26 engineers on the latest programs of operating CNC (computer numerical control) machines.

Outstanding trainees will continue their training in Germany where they will get international certificates.

DMG MORI executive director described cooperation with Egypt a crucial step for the country and Africa in terms of localizing technology, noting that Egypt is the cornerstone of Africa's stability.

DMG MORI CO is a machine tool manufacturer that was established in 1948. In 2009, it reached a capital and business partnership agreement with a German machine tool builder DMG MORI AG and completed its management integration in 2016.