''AOI'' Signs Deals with Big German Companies

Arab Organization for Industrialization ''AOI'' announced on Friday, that four agreements has been signed with major German companies to promote development in Egypt.

According to AOI chairman Abd Moneim El Tarras, a cooperation agreement was inked with Allweiler Pump and their partner in Egypt Allweiler Farid Pumps to produce high efficiency pumps.

ِAlso, an understanding memorandum was signed with Aqseptence Group and Egypt's Farid Hussein Sons to boost cooperation in the filtration, separation and water technology fields.

AOI chairman Abd Moneim El Tarras

Last March, a German delegation from the BMW Motor firm visited the headquarters of ''AOI'' to open up new fields of cooperation and experiences exchange with major international companies.

This comes within the successful visit of President Abdel Fattah El-Sisi recently to Germany and Egypt pivotal role as a promising market in the African region.