German Chancellor Angela Merkel and Egyptian President Abdel Fattah El-Sisi symbolically inaugurated the first phase
of Siemens’ so-called mega-project in Egypt last month.
This marked an important milestone towards the completion of the project, which will increase the country’s power generation capacity by around 45%.
Together with its local partners Orascom Construction and Elsewedy Electric, the German industrial giant “broke all records in modern power plant construction” by connecting 4.8GW of new capacity to the grid only 18 months after signing the contract.
Complementary to the mega-project, Siemens (
www.siemens.com) is supporting the development of a highly skilled Egyptian workforce; it has established a strategic alliance with Germany’s Federal Ministry for Economic Co-operation & Development (BMZ) to support occupational training in Egypt.
CEO Joe Kaeser said: “In addition to building a modern and efficient power infrastructure for the Egyptian people, Siemens is also supporting the training of a local workforce of more than 5,500 talented individuals in the next four years.
“This strategic partnership with the BMZ underscores our commitment to supporting Egypt’s long-term growth and development.”