Minister of Investment and Foreign Trade Mohamed Farid underscored that localising advanced industries and facilitating technology transfer remain at the forefront of the state’s priorities, particularly in high value-added sectors such as transport.
The minister made the remarks during a meeting on Saturday with Martin Vaujour, President of the Africa, Middle East, and Central Asia (AMECA) region at Alstom, alongside Ramy Salah El-Din, Managing Director of Alstom Egypt.
During the meeting, Farid affirmed that Egypt is well positioned to become a regional hub for the manufacturing of railway and smart transport components, citing its strategic geographic location, skilled workforce, and advanced infrastructure. Both sides stressed the importance of supporting the company’s expansion plans in the Egyptian market, in line with the government’s broader strategy to localise strategic industries and boost exports.
The discussions also reviewed Alstom’s long-standing presence in Egypt, which spans more than four decades, as well as its ongoing transport projects, particularly in metro and monorail systems.
Farid asserted that the government continues to foster a competitive investment climate through sustained infrastructure development, streamlined regulatory procedures, and a wide range of investor incentives.
For his part, Vaujour stated that Alstom is expanding its investments in Egypt, with export-oriented production expected to account for nearly 100% of output. He added that the Egyptian market serves as a strategic hub for the company’s operations across Africa and the Middle East.
