State Minister for Military Production Mohamed Ahmed Morsy on Thursday 26/5/2022 discussed with the Italian Ambassador in Cairo Michele Quaroni ways of deepening industrial cooperation between military production companies and their Italian counterparts at the ministry’s HQ.
Morsy asserted the meeting aims to implement an action plan to up and deepen local manufacturing as per President Abel Fattah El Sisi’s directives in order to tap important sectors, based on importing some production supplies.
The plan calls for benefiting from capabilities and experiences of Egyptian industrialists and making partnership with global manufacturers to transfer and strengthen state-of-the-art technologies, he pointed out.
Morsy discussed the latest developments of cooperation between military production companies and Italian companies in different industrial domains and the possibility of boosting joint relations in natural gas field.
In turn, Quaroni commended the role the ministry is playing in supporting and encouraging investments in Egypt and praised as well distinguished and long-standing ties binding Egypt and Italy.
“Egypt is a promising market worldwide to attract and increase investments,” according to him.
Source: State Information Service Egypt