(MENAFN - Daily News Egypt) UK's BlueMac signed a memorandum of understanding (MoU) with the National Organization for Military Production (NOMP) to establish a waste management joint venture.
Under the terms of reference set out in the MoU, BlueMac will jointly manufacture, supply, and assemble high-tech waste management tailored solutions in Egypt, according to a Tuesday statement by the British embassy in Egypt.
The MoU paves the way for the establishment of a joint venture which will promote increased UK-Egypt collaboration in manufacturing waste-management machineries, the statement added, noting that the UK's Trade Envoy to Egypt, Sir Jeffrey Donaldson, and Minister of Military Production, Mohamed El-Assar, witnessed the signing of the MoU.
'I am especially pleased to see that a world class company from Northern Ireland is supporting Egypt's growing expertise in this sector,' UK Trade Envoy Sir Jeffrey Donaldson, said, adding that the newly agreed cooperation reflects the UK's commitment to invest in Egypt and the rest of Africa to fulfil the UK's objective to be the largest G7 investor in Africa by 2022.
'This agreement reflects the UK's commitment to cooperate with Egypt, and our objective to encourage business and investment across a wide range of sectors in the country. I look forward to seeing deeper cooperation between our countries in sectors that employ more Egyptians, and expand Egypt's regional export reach,' British Ambassador to Egypt, Sir Geoffrey Adams shared.