AOI mulls cooperation with Spain’s COLWAY group to develop railway sector
Saturday، 18 May 2019 - 10:58 AM
The Arab Organization for Industrialization (AOI) conducted talks with a subsidiary company of the Spanish COLWAY group which specializes in the design, engineering, manufacture, supply, installation and commissioning of turnkey railway vehicle interiors.
AOI chief Abdel-Moniem el Tarras stressed during his talks with the company’s visiting delegation keenness on drawing on international expertise to develop the railway sector, noting President Abdel Fattah El Sisi’s directions to accelerate efforts to upgrade the rail service while keeping in line with the most advanced technologies in the field.
Talks between the two sides covered boosting cooperation, know-how transfer and joint manufacturing.
Tarras underlined the interest of the Egyptian leadership in beefing up cooperation with a friendly country as Spain and highlighted the investment-friendly climate that Egypt enjoys.
COLWAY delegation praised the AOI’s plan to increase the percentage of the local component in all Egyptian industries and the organization’s contribution to numerous development projects at home and in many Arab and African countries.