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Siemens and the General Authority for Industrial Development
sign MoU to advance localized manufacturing and industrial innovation
Siemens has signed a Memorandum of
Understanding (MoU) with the General Authority for Industrial Development,
marking a major step towards advancing localized manufacturing of low and
medium voltage products. This strategic agreement aims to elevate Egypt’s
industrial capabilities and strengthen its position as a key player in the
Middle East and Africa's industrial landscape.
The MoU was signed by Mostafa
El-Bagoury, CEO of Siemens Egypt, and Dr. Nahed Youssef Chairwoman of the
Industrial Development Authority and witnessed by Stephan May, CEO of
Electrification and Automation, Siemens AG, and Andreas Matthe, CEO of
Electrical Products, Siemens AG. His Excellency Lieutenant General Kamel Al Wazir,
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, attended the signing on
behalf of the Egyptian government, underscoring the government's commitment to fostering
industrial growth and technological innovation.
Siemens has signed a Memorandum of
Understanding (MoU) with the General Authority for Industrial Development,
marking a major step towards advancing localized manufacturing of low and
medium voltage products. This strategic agreement aims to elevate Egypt’s
industrial capabilities and strengthen its position as a key player in the
Middle East and Africa's industrial landscape.
The MoU was signed by Mostafa
El-Bagoury, CEO of Siemens Egypt, and Dr. Nahed Youssef Chairwoman of the
Industrial Development Authority and witnessed by Stephan May, CEO of
Electrification and Automation, Siemens AG, and Andreas Matthe, CEO of
Electrical Products, Siemens AG. His Excellency Lieutenant General Kamel Al Wazir,
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, attended the signing on
behalf of the Egyptian government, underscoring the government's commitment to fostering
industrial growth and technological innovation.
Based on the previous
collaboration, this new MoU builds on the foundation established in 2021, when
Siemens, Information Technology Industry Development Agency (ITIDA), and the
Industrial Modernization Center (IMC) partnered to launch Egypt’s first
Industry 4.0 Innovation Center (IIC) in the Knowledge City at the New
Administrative Capital. The new agreement strengthens this ongoing
collaboration by enhancing Siemens' role in promoting the adoption of Fourth
Industrial Revolution (4IR) technologies and expanding its local presence in
Egypt. Through this partnership, Siemens will continue to advance innovation in
the domestic manufacturing sector by manufacturing and assembling electrical
products and systems locally, further supporting the government’s vision of a
self-sufficient, industrialized economy and driving progress in smart factories
and advanced manufacturing solutions.
Commenting on the partnership,
Mostafa El-Bagoury stated, "This agreement reaffirms Siemens’ commitment
to Egypt’s industrial development. By localizing the production of low and
medium voltage products, we are investing in the future of Egypt, transferring
knowledge, and advancing the country's position as an industrial leader in the
region. Our collaboration with the General Authority for Industrial Development
is a vital step towards sustainable growth and technological advancement."
Stephan May – CEO Electrification
and Automation, Siemens AG, added "This MoU marks an exciting new chapter
in our partnership with Egypt, as we work together to localize cutting-edge
technology and drive industrial innovation. By aligning Siemens' expertise in
electrification and automation, with Egypt’s strategic goals, we are empowering
local industries to adopt more efficient and sustainable solutions, positioning
the country as a regional leader in industrial development."
Andreas Matthe – CEO Electrical
Products, Siemens AG, stated "We are proud to support Egypt's journey
towards becoming a hub for advanced manufacturing and innovation. Through this
partnership in the low and medium voltage products, Siemens will bring
world-class electrical products and solutions to the local market, fostering
competitiveness and enabling Egypt to meet future industrial challenges with
confidence and agility."
H.E. The Deputy Prime Minister for Industrial Development and Minister of
Industry and Transport Lieutenant General Kamel Al Wazir confirmed that the signing of
this memorandum comes within the framework of the Ministry’s keenness to
localize various industries in Egypt, and is considered an important step to
develop and localize the manufacturing of low- and medium-voltage electrical
products and systems - which include medium-voltage electrical panels,
electrical distribution panels, and low-voltage circuit breakers - pointing out
that this agreement contributes to raising Egypt’s industrial capabilities in
this field within the framework of the plan to transform Egypt into a regional
center for industry and manufacturing in the Middle East and Africa.
Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €77.8 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 320,000 people worldwide. Further information is available on the Internet at www.siemens.com.