Sisi discusses expansion opportunities in Egypt with French giants Alstom and CMA CGM in Paris

Ahram Online , Thursday 22 Jun 2023

President Abdel-Fattah El-Sisi and Henri Poupart-Lafarge, the CEO of the France-based multinational rail transport giant Alstom, discussed in a meeting on Wednesday in Paris opportunities for the company to expand its operations in Egypt.

Sisi,
President Sisi during his meeting CMA, CGM representatives in Paris.

 

President El-Sisi stressed to Poupart-Lafarge stressed the country’s keenness on increasing  the rates of localization of manufacturing and advanced technology in Egypt in cooperation with major international companies, according to a statement released by Presidential Spokesperson Ahmed Fahmy.

“Egypt is also keen on establishing new training centres to develop local expertise in the rail transport field which would benefit from Alstom experience in this sector,” El-Sisi told Poupart-Lafarge, according Fahmy.

Alstom has been operating in Egypt for more than 30 years, providing valuable services in rail transport sector.

For his side, Poupart-Lafarge assured the Egyptian president that his company is interested in expanding its business operations in Egypt, saying the Egyptian public transport sector offers "promising investment opportunities.”

President El-Sisi had arrived in Paris on Wednesday to attend the Summit for a New Global Financing Pact, scheduled for 22-23 June.

After Alexandria
 


President Sisi during his meeting CMA, CGM representatives in Paris.

In a separate meeting, President El-Sisi discussed with Rodolphe Saadé, the CEO of French global shipping giant CMA CGM, similar opportunities for the company to expand its operations in the country, read a separate statement released by Fahmy.

Last week, President El-Sisi met with Saadé on the sidelines of the inauguration of the Tahya Misr Maritime Terminal in Alexandria, which will be managed and operated by the French giant.

The Tahya Misr maritime terminal will serve as a logistical station for the Port of Alexandria port, handling 12-15 million tons of goods annually.

During the meeting, Saadé praised the business climate in Egypt during the meeting with the president, describing it as “positive and rapidly developing,” according to Fahmy.

Saadé conveyed to the president his company’s aspiration to expand cooperation with the Egyptian side in managing additional ports as well as operating other logistic areas and terminals in light of the massive development projects being implemented in Egypt, according to Fahmy.

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