The Arab Organization for Industrialization (AOI) has signed four agreements with major German companies to promote development in Egypt, AOI chairman Abdel Moneim Al Tarras said in a statement Friday.
A cooperation agreement was signed with Allweiler Pump and their partner in Egypt Allweiler Farid Pumps to produce high efficiency pumps.
ِAlso, a Memorandum of Understanding was inked with Aqseptence Group and Egypt's Farid Hussein Sons to boost cooperation in the fields of filtration, separation and water technology.
Another cooperation agreement was signed with Oddesse Pumpen- und Motorenfabrik GmbH, while a letter of intent was inked with DMG MORI on purchasing machines and training Egyptian cadres on operating them.
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