Siemens Egypt and Petrojet signed a memorandum of understanding (MoU) to jointly bolster cooperation within the Egyptian petroleum, infrastructure, utilities, and water sectors to execute projects and continuously look for new potential business opportunities.
This was done within the framework of the Ministry of Petroleum and Mineral Resource’s strategy to digitise the petroleum sector as per Egypt’s 2030 Vision.
ThisMoU serves as a successful model of cooperation, combining a broad base of expertise, capabilities, and modern technological means with the aim of unlocking potential promising opportunities within the petroleum, infrastructure, utilities, and water sectors. Both parties will jointly use their resources and expertise to address the varied needs of these vital sectors in order to enhance their great potential.
As part of the agreement, Siemens will offer the latest state-of-the-art smart and innovative digitisation, automation, and energy management solutions, along with its proven technical training programmes on low voltage power distribution, motor protection, and control products.
As one of the largest national contractors contributing to Egypt’s oil, gas, chemical, and petrochemical industries, in addition to infrastructure projects, Petrojet will offer resources, equipment, and facilities in order to execute projects that enhance the petroleum sector’s capacities.
“Together with Petrojet, Siemens is proud to support the Ministry of Petroleum’s vision to digitise and enhance the capabilities of the Egyptian petroleum, infrastructure, utilities, and water sectors with our strong portfolio and world-class smart solutions that are focused on digitisation, automation, and energy management,” said Mostafa Al-Bagoury — CEO of Siemens Egypt.
“In today’s rapidly-evolving technologies, our mission is to contribute to accelerating the process of digital transformation to support Egypt’s development plans in the era of the Fourth Industrial Revolution.”
For his part, Waleed Lotfy — CEO and Managing Director of Petrojet — said: “As the national construction and fabrication arm of the Egyptian petroleum sector, we are pleased to partner with Siemens as one of the world’s leading technology giants. With this fruitful partnership, we will jointly seek promising business opportunities to execute projects with the latest technologies to meet the needs of the sector according to the strategic plan of the sector and Egypt’s 2030 Vision.”
