Egypt's President Abdel-Fattah El-Sisi met with Siemens CEO Joe Kaeser in Cairo on Monday for discussions on further cooperation and investment opportunities.

According to a statement from the president's office, El-Sisi expressed his appreciation for what the German company has achieved in Egypt in terms of development and infrastructure projects, including the three power stations in Bani Sueif, Borollos and the New Capital City, worth of 6 billion euros.

The president added that Egypt is looking forward to boosting its current partnership with Siemens in fields such as renewable energy and transportation.

Kaeser expressed the German company's appreciation for its ongoing cooperation with the Egyptian government, which has resulted in several successful large-scale projects.

The two men also discussed the timetable for the three power stations, affirming that construction is going according to plan, with the plants due to be producing 14.4 gigawatts by July 2018.

According to the statement, the Egyptian president and Siemens officials also discussed the idea of a "Werner von Siemens University" in Egypt. It would be the company's first university, providing specialized training in technology, electricity and electronics.

Minister of Electricity and Renewable Energy Mohamed Shaker and Deputy Transportation Minister Hany Azer attended the meeting at the Egyptian presidency.