Siemens CEO meets with Egypt’s PM to discuss transportation, training
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CAIRO: Cooperation between Egypt and Siemens in the fields of transportation, energy and training was discussed in a meeting between Prime Minister Sherif Ismail and Siemens CEO Joe Kaesar Sunday.

A Siemens training center being established in Egypt is planned to train 300 Egyptian engineers and technicians on handling all kinds of turbines and engines; 100 of whom will work at Siemens and the rest will be offered job opportunities in Gulf states, a Cabinet statement quoted Kaesar as saying.

The center will include equipment for training, a warehouse for spare parts, and a workshop, Kaesar said in the meeting also attended by presidential advisor for transportation Hany Azer.

The meeting tackled the establishment of an assembly plant of railway carriages with an aim increase local components in time and fully manufacture the vehicles in Egypt, Cabinet spokesperson Hossam Qawish said in the statement.

The officials also discussed efforts to establish a factory producing the components of wind power plants, Qawish added.

In November, a group of bank secured Egypt’s first installment to fund an 8-billion-euro ($8.5 billion) project for power plants to be established by Siemens.

The deal was signed in June so the project is launched in 2016 and ends in 2018; the project three combined-cycle power plants and 12 wind farms.

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