President Abdel Fattah El-Sisi affirmed that Egypt possesses all the capabilities for settling a strong industry and exporting advanced technology with the largest possible percentage of local components.
Sisi clarified the role of Korea as an active development partner in Egypt, during his meeting with the CEO of the global Korean company “Hyundai Rotem” Yong Bai Lee, adding that the country is looking forward to establishing strategic cooperation with the company in many industrial fields.
He explained that Egypt aims to cooperate with the Korean giant in the field of heavy industries, which depend on labor-intensive industry and advanced technology, stressing that the principle of localizing industry and transferring technology to Egypt is one of the country’s priorities in cooperation with international partners.
On his part, Lee reviewed the projects that Hyundai Rotem aspires to implement in Egypt during the coming phase, including the project to manufacture subway cars, signal systems, control and command equipment, and railway engineering works, especially in light of the promising opportunities offered by the Egyptian economy.
He also reviewed opportunities for joint cooperation in the field of energy, especially green hydrogen production, in order to utilize Egypt’s natural resources from new and renewable energy for trains and other projects.
On the other hand, the Egyptian president met with a group of Japanese experts supervising the Egyptian-Japanese school system in Egypt. The meeting dealt with reviewing the efforts of Japanese experts, in coordination with the Ministry of Education to establish the rules of school administration followed in Japan and to apply the Japanese education systems “tokkatsu” within the system.