- July 24, 2023
- Posted by: Ahmed Abed
- Category: 2023, EN
Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), witnessed the signing of a contract to allocate an area of 30 thousand square meters for Torishima the Japanese Company to establish a center for assembly, manufacturing, supply, and maintenance of huge water pumps which is necessary for some industrial and civil purposes for sewage treatment and desalination plants within the “Industria Sokhna” project which is owned by Elsewedy Industrial Development, a subsidiary of Elsewedy Electric.
The contract was signed by Engineer Mohamed AlKammah, CEO of Elsewedy Industrial Development, Mr. Alister Fleet, COO of Torishima Group, in the presence of Engineer Ashraf Saleh, General Manager of Torishima Middle East, and Mr. Ralph Van Niekirk, Operations Director of Torishima Service Solutions Egypt, and both Mr. Hassan Hussein and Eng. Adel Saleh, Heads of the Torishima Commercial Agency in Egypt.
The cooperation between the two sides helps Torishima to invest up to USD 5 million in creating a state-of-the-art pump service facility for serving the Egyptian market, and these investments will be increased within five years.
In this context, Engineer Mohamed AlKammah, CEO of Elsewedy Industrial Development, expressed his happiness with the project, which confirms that Egypt has promising investment opportunities in the industrial sector, especially in the manufacture of pumps and their accessories. He stressed that Elsewedy Industrial Development Company is working to attract investments.
“The company currently owns a large and diversified portfolio of lands amounting to about 27 million square meters, distributed over a number of zones and projects such as the Tenth of Ramadan, the Sixth of October, Sadat, and some African countries.” Alkammah declared.
“With more than 20 years of experience, Elsewedy Industrial Development specialized in building and developing integrated and sustainable industrial cities in the region, and the company also provides a range of services including master planning, consulting services, infrastructure works, construction management, and engineering guidance.” Moreover, it provides investors with a full package of advanced services for industrial parks, necessary facilities, and excellent infrastructure.” CEO of Elsewedy Industrial Development declared.
For his part, Mr. Alister Flett, COO of Torishima Group Japan said: “Torishima is honored to have the opportunity to establish a local Service and Manufacturing Presence in Egypt. We look forward to partnering with the key End Users in the Water, Wastewater, Irrigation, and Power industries to improve the reliability of the large pumps installed and ensure Egypt has the most reliable and efficient pumps in the Region.
“As a Japanese company, Torishima trusts we can also bring our Technology, Quality, and Productivity to our new Service Centre by training our Egyptian Team in our company values and traditions. The Egyptian service facility will be a key strategic location in our Global network, bringing Torishima quality closer to our Customers.” COO of Torishima announced.
“We look forward to our partnership with the Egyptian Government and our clients in developing this exciting development.” Torishima COO announced.
“This cooperation with the Japanese side would strengthen the partnership between the two sides and attract many diverse foreign investments within the economic zone, as the SCZONE aims to attract more Japanese investments and work to encourage and support its industrial developers in Sokhna, due to the presence of Japanese investments within its industrial zones, in reference to the trade relations between Egypt and Japan, which qualify the strong presence of Japanese investments inside Egypt and benefit from its prime geographical location that facilitates access to Japanese products to the African and European markets”. Waleid Gamal El-Dien Chairman of SCZONE said.
It is worth noting that the Torishima Group intends, through the service center in the Sokhna area to rehabilitate and increase the efficiency of Motors and pumps owned by the Egyptian Government, which have been out of service for years for many industries.
