Military production, Hyundai Technology ink MoU on technology transfer

CAIRO - 1 November 2019: Minister of State for Military Production Mohamed el Assar and Minister of Higher Education Khaled Abdel Ghaffar have witnessed the inking of a memorandum of understanding (MoU) in the field of manufacturing and transferring technology between the National Authority for Military Production and US computer hardware manufacturer Hyundai Technology.

The MoU reflects work strategy at the Ministry of Military Production with regard to cooperation with international companies to transfer technology to Egypt’s military production firms.

Under the deal, engineers and workers at the military production companies shall be trained at Hyundai Technology to be able to gain the experience needed to manufacture computer products.