Egypt’s El Sewedy, Italy’s Movyon ink transport maintenance activity system MoU

Egypt’s El Sewedy Electric has signed on Sunday a memorandum of understanding with Italy’s Movyon Group for the operation and maintenance activities for intelligent transport system.

Ahmed El-Sewedy, chairman of El Sewedy Electric, has signed the agreement with Lorenzo Rossi, CEO of Movyon. Presided by Egyptian Minister of Transport Kamel Al-Wazir, the signing ceremony took place on the second day of Egypt-EU Investment Conference, taking place in Cairo.