Business
Egypt and Germany Partners on Fire Engine
- Egypt and Germany Partners on Fire Engine
In a bid to expand economic productivity, the Egyptian government has signed about seven fresh deals with Germany under the Arab-German business forum held in Berlin from June 25 to 27.
One of the deals signed was between German fire engines manufacturer Ziegler and Egypt’s Bavaria, a firefighting solutions provider.
The agreement will ensure Ziegler manufacture and assemble fire engines and rescue vehicles in Egypt.
Peter Ramsauer, the president of the Arab-German Chamber of Commerce and Industry, said Egypt holds huge promise for German investors, saying it is “the gateway to Africa and the Middle East.”
“Egypt is witnessing unprecedented infrastructure projects such as the new Suez Canal and the administrative capital, in addition to the large projects in the field of energy.”
The deals were signed under the supervision of Egyptian PM Mostafa Madbouli, while Bavaria Group chairman Nader Riyad and VP Bavaria Amir Riyad, were joint signatories on the Egyptian side, under the watch of German VP of Ziegler, Paul Rene.