Cairo: Egypt's Minister of State for Military Production, Mohamed Salah El-Din Moustafa, attended a significant ceremony marking the signing of a memorandum of understanding between the National Authority for Military Production and STARK Elektromotoren, a Swiss company known for its expertise in electric motors and drive systems. This agreement aims to foster collaboration in the manufacturing and marketing of electric motors.

According to State Information Service Egypt, the event took place at the Ministry of Military Production's headquarters in the New Administrative Capital. The minister emphasized the ministry's dedication to fulfilling President Abdel Fattah El Sisi's directives. These directives focus on localizing advanced manufacturing technologies within Military Production firms by partnering with global specialists in both military and civilian sectors.

He further highlighted the current global challenges and crises, which amplify the need to depend on local capabilities to bolster the national economy. Salah elaborated on the ministry's strategy, which is centered on maximizing resources, technological capabilities, and human expertise within its affiliated entities, the cornerstone of Egypt's military manufacturing sector.

The minister noted that these resources significantly enhance national industry, including producing high-quality civilian products at competitive prices by leveraging surplus production capacities. Furthermore, they support the execution of numerous national and developmental projects.

Under this agreement, both parties will work together to manufacture low-voltage electric motors ranging from 0.25 kW to 300 kW at the Military Production factories, utilizing production lines that adhere to International Electrotechnical Commission (IEC) standards. This collaboration aims to position Egypt as a regional hub for producing and exporting electric motors and related control systems.

Representatives from Stark acknowledged the Swiss company's standing as a global leader in electric motor technology and expressed enthusiasm for working with the Ministry of Military Production. They praised the ministry's advanced manufacturing, technological, technical, research, and human capabilities, as well as its infrastructure, precision, and efficiency.

They also noted the ministry's involvement in major national and developmental projects, providing a robust foundation for promising strategic partnerships. This is particularly crucial as Egypt strives to create an investment-friendly environment.