Egypt’s Military production, Hyundai Technology deal on technology transfer

Egypt’s Military Production ministry and Hyundai Technology on Friday have signed a memorandum of understanding (MoU) in the field of manufacturing and transferring technology between the National Authority for Military Production and U.S. computer hardware manufacturer Hyundai Technology.

Minister of State for Military Production Mohamed el Assar and Minister of Higher Education Khaled Abdel Ghaffar have witnessed the ceremony of signing of the MoU.

The deal reflects work strategy at the Ministry of Military Production with regard to cooperation with international companies to transfer technology to Egypt’s military production firms.

Under the deal, engineers and workers at the military production companies shall be trained at Hyundai Technology to be able to gain the experience needed to manufacture computer products.

Source: MENA