The agreements will help transfer Chinese state-of-the-art industrial technologies to the local industry.
Cairo- Dec 27, 2021
Minsiter of Trade and Industry Nevine Gamea has witnessed the signing of two cooperation protocols between Geyushi Motors and Chinese Shandong Heavy Industry Group in the manufacture of buses, and distribution of generators, engines and power stations.
The agreements were signed by the managing director at Geyushi Motors and Shandong deputy CEO, in the presence of Chinese ambassador in Cairo Liao Liqiang.
"The event comes in line with the ministry's shift towards environment-friendly buses and engines, especially in light of the Go Green presidential initiative to convert vehicles to operate on clean energy,' Gamea said.
The protocols, she added, will help transfer the vast Chinese state-of-the-art industrial technologies to the local industry, pointing that such private sector cooperation would further strengthen bilateral relations between the two countries.