Egypt’s Military Production Minister Mohamed Saeed al-Assar received on Monday Brazilian Ambassador to Egypt Ruy Pacheco de Azevedo at the Military Production Ministry’s headquarters to discuss means of enhancing joint cooperation in the defense industry and to prepare for a visit by the Brazilian foreign minister and a delegation of military manufacturing companies.
Assar displayed the potentials of the companies affiliated to the Ministry of Military Production in terms of technological, technical and human resources, stressing his desire to strengthen cooperation with Brazilian companies working in the similar field because of its expertise and advanced industrial technologies.
Assar hoped that Egypt and Brazil would establish joint companies in the field of military defense and manufacture high quality products at prices suitable for export.
During the meeting, Assar called on Brazilian companies to take advantage of the current suitable investment environment in Egypt represented in the new investment law, the infrastructure and national projects planned in Egypt, and commerce agreements between Egypt and international and regional organizations like COMESA.
He also called on Brazilian companies to participate in the major international defense exhibition EDEX 2018, which is scheduled to be held in Egypt from December 3 to 5.
Edited translation from Al-Masry Al-Youm