Egypt and France Collaborate on Industrial Localization and Green Initiatives
Key Ideas
  • Egypt and France are focusing on localizing industries such as automobiles, railways, and renewable energy, with a specific interest in green hydrogen.
  • A key initiative involves partnering with French companies to establish a large industrial complex in Borg El Arab City for the production of railway components and rolling stock.
  • The collaboration aims to meet local market demands, boost exports, and enhance the presence of French companies in Egypt, with a positive outlook on industrial growth.
  • French officials express confidence in Egypt's industrial potential and plan to encourage more French companies to invest in the Egyptian market, creating job opportunities and fostering economic development.
Deputy Prime Minister Kamel El-Wazir of Egypt recently met with French Ambassador Eric Chevalier to discuss strategies for localizing industries in Egypt, with a particular focus on automobiles, railways, renewable energy, and green hydrogen. The meeting centered on joint transport projects and initiatives outlined in the Memorandum of Understanding between the Egyptian Ministry of Transport and the French Ministry of Economy and Finance. A significant collaboration highlighted in the discussions involves partnering with the French company Alstom to establish a large industrial complex in Borg El Arab City. The complex, covering 66 feddan, will produce electrical systems and railway components, including various types of rolling stock such as metro, tram, LRT, monorail, and high-speed trains. The project aims to cater to local market needs, enhance exports, and promote the growth of French companies in Egypt. Moreover, the talks included updates on the Metro Line 6 project, which will extend from El-Khosous to New Maadi, with future connections to New Cairo. The integration of this line with the high-speed train and East Nile Monorail demonstrates a comprehensive approach to improving transport infrastructure in the country. France's collaboration with Egypt extends beyond rail-related industries to include the localization of the automotive sector and the development of renewable energy fields like wind energy and green hydrogen. Both countries recognize the potential for synergies in these areas, leveraging French expertise and quality products to meet the demands of the Egyptian market. The Minister emphasized Egypt's commitment to localization efforts and cooperation with French counterparts. The goal is to attract more French companies to operate in Egypt, creating job opportunities and bolstering the economy. French officials, including Magali Cesana from the French Treasury, expressed confidence in Egypt's industrial growth and highlighted the importance of these joint projects for both nations. The overall sentiment in the article is positive, reflecting a strong partnership between Egypt and France in industrial development and green initiatives.
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