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Siemens and Madkour Partner to Drive Technological Innovation in the Industrial Sector
To provide adequate support, Siemens will deliver comprehensive technical support and training sessions to Madkour's staff, enabling them to effectively install and utilize Siemens products. This support will enhance Madkour's capabilities and ensure the delivery of world class products and solutions to end customers.
MADKOUR Group is one of the leading companies in the Egyptian market in the fields of energy, EPC contracting, and industrial solutions. One of its subsidiaries is MADKOUR Industries, which specializes in providing industrial solutions and manufacturing electrical panels and steel industries. This strategic partnership will enable Siemens to reach a wider customer base and drive growth in key sectors in Egypt. Furthermore, Madkour will provide quarterly reports and market insights to Siemens, enabling both parties to make informed decisions and adapt strategies to market trends effectively.
Commenting on the partnership, Mostafa Al-Bagoury, CEO of Siemens Egypt, stated, "We are excited to collaborate with Madkour to drive technological innovation and deliver value-added solutions to our customers. This partnership reflects Siemens' commitment to supporting our partners and fostering sustainable growth in the industrial sector." Additionally, Wael Omar, Senior Vice President of Digital Industries at Siemens Egypt, stated, “We would like to extend our gratitude to Madkour for their trust in Siemens & for the successful businesses we have done together in various Water smart irrigation projects like “Toshka, New Delta & Future of Egypt” using our Automation & Instrumentation solutions. Building on this success, we’re aiming to expand our investments in the upcoming Water Irrigation projects with Madkour & extend our portfolio to other Industrial & Infrastructure sectors.”
Dr. Mostafa Madkour, Chairman & CEO Madkour Group “We highly appreciate this strategic partnership with Siemens which reflects our sincere dedication and commitment to delivering the highest international-standard solutions through well trained Egyptian expertise in Madkour Group and to meet our vision by investing and expanding in the industrial sector. We are pleased to extend our gratitude to Siemens for their trust in Madkour and We are looking forward to having a long-term cooperation and partnership.”
Ahmed Elgazzar, Madkour Industries General Manager “We are enthusiastic to signing this partnership agreement with Siemens to be their system integrator and we thank them for their trust in Madkour. We are confident that our joined forces will lead to develop a new and innovative solutions that will benefit our customers, will expand our footprint in the industrial sector and solidified our position as an authorized system integrator for our clients whose seeking for advanced industrial solutions.
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.