Egypt’s President Abdel-Fattah El-Sisi discussed cooperation with Peter Lürssen, the CEO of the German shipbuilding company Lürssen, on ships, frigates, and destroyers.
The meeting took place on Thursday in Cairo and was attended by Commander of the Egyptian Navy Forces Vice Admiral Ahmed Khaled, the Egyptian presidency said.
El-Sisi and Lürssen discussed the transfer of shipbuilding technology to Egypt in cooperation with the Egyptian Navy and Marine Industries and Services Organisation.
The talks tackled training the technical Egyptian staff and raising the standards of Egyptian cadres to meet international quality standards, added the presidency.
President El-Sisi asserted at the meeting the importance of cooperation with the German company, being one of the world's biggest shipbuilding companies.
Lürssen owns eight shipyards around the world and has recently signed a deal to manufacture destroyers for the German Navy with a cargo hold of 11,000 tons.
Lürssen's CEO said Egypt enjoys stability, security, and opportunities of foreign direct investments, particularly following the improvements the Egyptian government introduced to the country's infrastructure.