Major General Engineer Mokhtar Abdel Latif, Chairman of the Arab Organization for Industrialization, stressed the implementation of the directives of President Abdel Fattah El-Sisi to advance local manufacturing and exploit national manufacturing capabilities to deepen local manufacturing and transfer and localize modern technology, in partnership with global industrial expertise, in a way that contributes to working on Reducing imports and increasing the added value of Egyptian products.

This came during the signing of a memorandum of understanding between the Arab Organization for Industrialization and both German companies

INTEC Rubber Powder GmbH, RECOM Patent & License GmbH,

Which was signed today within the framework of the activities of the first edition of the Environmental and Climate Investment Forum in Egypt, which was witnessed by Major General. Engineer Mokhtar Abdel Latif, Chairman of the Arab Organization for Industrialization, and Dr. Yasmine Fouad, Minister of the Environment.

This cooperation comes within the framework of the efforts of the Arab Organization for Industrialization to strengthen the partnership and open new horizons of cooperation and joint investments, in light of Egypt’s vision for sustainable development 2030.

  In this regard, Major General, Engineer Mokhtar Abdel Latif, confirmed that the Arab Organization for Industrialization is keen to establish fruitful strategic partnerships, and is looking forward to strengthening cooperation with major international German specialized companies to begin establishing a factory in a joint partnership to recycle tires for all types of vehicles.

He explained that this industrial project is a step on the right path to promoting this type of local investment, so that Egypt becomes a regional center for recycling car tires and vehicles of all types in accordance with international quality specifications, and also enhances cooperation with African and Arab countries, which reflects positively on the provision of foreign currency and the strengthening of the economy. Egyptian.

He added that all executive steps are being taken to establish the factory, explaining that this cooperation provides many job opportunities for young engineers and technicians and training on the latest technology in accordance with the standards of the Fourth Industrial Revolution.

For their part, senior officials of the two German companies expressed

INTEC Rubber Powder GmbH, RECOM Patent & License GmbH,

  They expressed their appreciation for this cooperation with the Arab Organization for Industrialization, noting that with this agreement we aim to establish long-term joint partnerships, through cooperation with the Arab Organization for Industrialization, the industrial backbone of the Egyptian state, praising the AOI’s commitment to all international quality standards and its distinguished experience in implementing various industrial and economic development projects. .

They added that this cooperation will represent a great addition to the Egyptian economy, especially since we will work to design and manufacture advanced smart systems for recycling vehicle tires of various types with Egyptian thought and creativity and with the national manufacturing capabilities of the Arab Organization for Industrialization, which contributes to achieving sustainable development and various development projects