Egypt’s President Abdel-Fattah El-Sisi reviewed cooperation frameworks between Egypt and the German shipbuilding company Lürssen, as he met on Wednesday with the company’s CEO Peter Lürssen, presidential spokesman Bassam Radi said.
Lürssen has extensive experience in building naval vessels, from boats to corvettes, frigates and warships, Radi said.
El-Sisi and Lürssen discussed cooperation in the field of building ships of various models and the transfer of technology in this field in cooperation with the Egyptian Navy’s arsenals and the companies of the Marine Industries and Services Organisation.
They also discussed training Egyptian crews and efforts to improve the capabilities of the Egyptian cadres in accordance with international standards and quality requirements.
El-Sisi hailed Egypt’s cooperation with the German company, praising it for its good reputation in shipbuilding.
Lürssen referred to the promising opportunities of direct investment in Egypt, especially in light of the Egyptian government’s efforts to develop the country’s infrastructure.
The meeting was also attended by Commander of the Navy Lieutenant General Ahmed Khaled, Presidential Advisor for Financial Affairs Major General Mohamed Amin, head of the Armed Forces Financial Affairs Authority Major General Ahmed Al-Shazly, Assistant Commander of the Navy for Technical Affairs Rear Admiral Hossam El-Deen Qutb, and Head of the Navy’s Armament Division Rear Admiral Mohamed Ibrahim.
This is El-Sisi’s second official meeting with Lürssen, as he met in Cairo with the German businessman in August last year.
Following the first meeting, the presidential spokesman said Lürssen owns eight shipyards around the world and had recently signed a deal to manufacture destroyers for the German Navy with a cargo hold of 11,000 tonnes.