Egypt - Prime Minister Mostafa Madbouli held a meeting with the chairman of Germany's DMG Mori to boost cooperation with the German firm to enhance the use of German technology in Egypt, according to a recent statement by the Spokesman of the Egyptian Presidency.

The partnership contract between the Arab Organization for Industrialization and the German DMG Mori company to establish a Computer Numerical Controls (CNC) factory in Egypt.

The factory, the first of its kind in Africa, will be established upon an agreement between President Abdel Fattah el Sisi and the German firm's officials.

The fully automated and highly programmable factory is scheduled to be officially opened in 2023.

Its annual capacity will exceed 1,000 machines.

Over years, the company signed several contracts with several Egyptian institutions, including the ministries of transport and military production, the Arab Organization for Industrialization, as well as business and private sector companies.

 

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