President Abdel Fattah al-Sisi witnessed the signing of a Memorandum of Understanding (MoU) between the Egyptian government, represented by the Trade and Industry Ministry, and German conglomerate Siemens, to improve Egypt’s competitiveness by providing it with advanced solutions and technologies regarding the digital transformation of industries and automation.
The MoU also aims to organize joint training programs for the Egyptian industrial sector’s workforce.
Egypt’s Ministers of Trade and Industry Amr Nassar and Education Tarek Shawqy signed the MoU on the sidelines of Sisi’s visit to the German capital Berlin, to attend the second summit of the G-20 Compact with Africa (CWA) Initiative.
The agreement aims to achieve tangible development in industrial zones, automation, digital technology in factories, education, energy saving, safety solutions and environmental protection, Nassar said.
The agreement goes in line with Egypt’s 2030 Vision which puts industry development as a priority to achieving economic development, he added.
Nassar stressed the Trade and Industry Ministry’s efforts to strengthen cooperation and partnership with the pioneers of manufacturing and digital transformation, including Siemens.
Edited translation from Al-Masry Al-Youm