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Dr. Mahmoud Esmat clarified that the Egyptian government is working to implement a strategy to support the localization of industry and the transfer of modern technology, especially in the electrical energy sector. A Siemens factory for producing electrical components and automation systems has been inaugurated, marking an initial step to serve the local market with plans to expand exports to the Middle East and Africa. The factory aims to enhance local manufacturing of renewable energy equipment, support automation technologies and digital transformation, and encourage investments in the electricity sector, with a focus on creating an attractive investment environment and developing infrastructure in Egypt.
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