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El Sewedy Electric uncovers French partnership to develop suspended transport in Egypt

Tuesday 29 January 2019 02:21 PM

 El-Sewedy Electric
El-Sewedy Electric

By Ragab Ezz el-Din

El Sewedy Electric company announced that it has entered into a partnership with the French group MND for the development of suspended transport in Egypt.

The company said in a statement submitted to the Egyptian Stock Exchange that the partnership was announced by signing a memorandum of understanding between the Egyptian and French sides on the sidelines of the French President Emmanuel Makron’s visit to Egypt.

The statement added that the Egyptian-French consortium’s aim is to become a major player in Egypt to develop the suspended transport, noting that the French group has a wide experience in designing, manufacturing and installing cable transmission solutions.