Latest news with #AOI
Al-Ahram Weekly
a day ago
- Automotive
- Al-Ahram Weekly
El-Sisi reviews key AOI projects in civilian and defence industries
President Abdel-Fattah El-Sisi on Monday followed up on the progress of implementing key activities and projects at factories and companies affiliated with the Arab Organization for Industrialization (AOI) in the fields of civil and defence industries. In a meeting with the Chairman of the Board of AOI Major General Mokhtar Abdel-Latif, El-Sisi was briefed on AOI's strategic framework focusing on enhancing local manufacturing, localizing modern technology, and partnering with leading local, Arab, and global companies to transfer expertise and develop national industries, thereby strengthening Egypt's position as a leading regional industrial power. Presidential spokesperson Ambassador Mohamed El-Shennawy stated that this strategy is pursued through several principal axes, including modernizing production lines in line with the Fourth Industrial Revolution to enhance manufacturing and technological capacities. It also includes qualifying and training human resources to keep pace with rapid technological changes, ensuring high standards of quality and efficiency, and supporting technical research in collaboration with research institutions. The strategy also focuses on deepening military industries manufacturing to meet the demands of the armed forces and export markets. It introduces new industries to cater to the needs and demands of both local and foreign markets. The official spokesperson noted that the meeting reviewed the developments in the civil industries undertaken by the organization, including transportation means, electronics, manufacturing of telecommunications towers and high-voltage electricity towers, design and manufacture of water pumps and sewage systems, water and sewage treatment plants, manufacturing of pipes for water, sewage, and natural gas, clean energy, wood industries, and medical industries. In this context, Abdel Latif mentioned that starting this year, in cooperation with the global Stellantis Group, production of the Citroën C4X car has begun on the production lines of the Arab American Vehicles (AAV) company, targeting an annual production rate of 7,000 vehicles and a total of 28,000 cars over four years. He added that the organization has also begun production of the new Jeep Cherokee, starting in September 2024, at an annual rate of 1,500 cars, and the Toyota Fortuner 4x4, at an annual rate of 1,200 vehicles. He explained that the organization is working on expanding local manufacturing of transportation means and, in the field of electronics, aims to add new production lines for laptops, tablets, mobile phones, prepaid electricity meters, and routers. The spokesperson also said that the Chairman reviewed the organization's efforts in the field of clean energy, particularly in producing solar panels using the latest technologies, including a project to establish a solar power plant connected to the government grid in Uganda, as part of the Egyptian initiative for Nile Basin countries. The Chairman also reviewed the most important new civil projects the organization is implementing, as well as the development of e-marketing tools and mechanisms within the organization in cooperation with specialized entities to promote products and services and expand the customer base through innovative digital platforms that align with market trends locally, regionally, and the requirements of digital transformation. He also reviewed the efforts made by the organization to qualify human resources through the Arab Institute for Advanced Technology, the AOI Academy for Engineering Training, the Helwan Academy for Technical Education, the Technical Secondary School for Dual Education and Training, and the Welding Academy in Helwan in cooperation with the International Institute of Welding in Italy. The spokesperson added that the President commended the organization's efforts in various fields. El-Sisi stressed the need to continue its endeavours aimed at increasing production and reducing prices to achieve competitiveness, deepen local manufacturing, localise advanced technology, and develop local supply chains to ensure the production of components with global quality and reduce reliance on imports, especially in vital sectors. The President also emphasized the importance of continuing ongoing coordination and fruitful, constructive integration between ministries, the private sector, and various Egyptian industrial bodies to achieve industrial harmony and optimize the exploitation of national manufacturing capabilities. Follow us on: Facebook Instagram Whatsapp Short link:
Daily News Egypt
2 days ago
- Automotive
- Daily News Egypt
Al-Sisi reviews progress on local manufacturing, urges deeper self-sufficiency
Egyptian President Abdel Fattah Al-Sisi met on Monday with Lieutenant General Mokhtar Abdel Latif, Chairperson of the Arab Organization for Industrialization (AOI), to review the progress of strategic civil and defence industry projects designed to strengthen domestic manufacturing and localize advanced technologies, according to a presidential statement. Presidential spokesperson Mohamed El-Shennawy said the meeting highlighted AOI's initiatives across multiple sectors, including transport, clean energy, medical supplies, and wood products, as well as its ongoing efforts to expand military production for the armed forces and boost exports. Abdel Latif outlined the AOI's strategic vision, which focuses on industrial modernisation, developing skilled human capital, advancing scientific research, and forging partnerships with major local, regional, and international companies to reinforce Egypt's position as a regional manufacturing hub. The AOI chief also announced that production has begun on the Citroën C4X in cooperation with global automotive group Stellantis, with an annual target of 7,000 vehicles and a cumulative goal of 28,000 over four years. Production of the new Jeep Cherokee is scheduled to start in September 2024, alongside the Toyota Fortuner SUV at a planned annual output of 1,200 units. In addition, AOI is expanding into electronics, with new production lines for laptops, tablets, smartphones, prepaid electricity meters, and routers aimed at meeting domestic demand and reducing reliance on imports. The meeting also covered AOI's clean energy initiatives, including the manufacture of advanced solar panels and the development of a solar power station in Uganda as part of Egypt's contribution to the Nile Basin Initiative. AOI is further investing in smart digital marketing platforms to broaden its reach in both local and regional markets. On human capital development, Abdel Latif highlighted the organisation's education and training programmes through its technology and engineering academies, vocational institutes, and international collaborations, such as with the International Institute of Welding in Italy. President Al-Sisi commended AOI's achievements and called for continued efforts to expand domestic production, reduce costs, and enhance competitiveness. He also stressed the importance of minimising imports in key sectors to cut the trade deficit and save foreign currency, while urging greater coordination among government ministries, the private sector, and national industrial institutions to unlock Egypt's full manufacturing potential.
Al-Ahram Weekly
2 days ago
- Automotive
- Al-Ahram Weekly
President El-Sisi reviews key AOI projects in civilian and defence industries
President Abdel-Fattah El-Sisi on Monday followed up on the progress of implementing key activities and projects at factories and companies affiliated with the Arab Organization for Industrialization (AOI) in the fields of civil and defence industries. In a meeting with the Chairman of the Board of AOI Major General Mokhtar Abdel Latif, El-Sisi was briefed on AOI's strategic framework focusing on enhancing local manufacturing, localizing modern technology, and partnering with leading local, Arab, and global companies to transfer expertise and develop national industries, thereby strengthening Egypt's position as a leading regional industrial power. Presidential spokesperson Ambassador Mohamed El-Shennawy stated that this strategy is pursued through several principal axes, including modernizing production lines in line with the Fourth Industrial Revolution to enhance manufacturing and technological capacities. It also includes qualifying and training human resources to keep pace with rapid technological changes, ensuring high standards of quality and efficiency, and supporting technical research in collaboration with research institutions. The strategy also focuses on deepening military industries manufacturing to meet the demands of the armed forces and export markets. It introduces new industries to cater to the needs and demands of both local and foreign markets. The official spokesperson noted that the meeting reviewed the developments in the civil industries undertaken by the organization, including transportation means, electronics, manufacturing of telecommunications towers and high-voltage electricity towers, design and manufacture of water pumps and sewage systems, water and sewage treatment plants, manufacturing of pipes for water, sewage, and natural gas, clean energy, wood industries, and medical industries. In this context, Abdel Latif mentioned that starting this year, in cooperation with the global Stellantis Group, production of the Citroën C4X car has begun on the production lines of the Arab American Vehicles (AAV) company, targeting an annual production rate of 7,000 vehicles and a total of 28,000 cars over four years. He added that the organization has also begun production of the new Jeep Cherokee, starting in September 2024, at an annual rate of 1,500 cars, and the Toyota Fortuner 4x4, at an annual rate of 1,200 vehicles. He explained that the organization is working on expanding local manufacturing of transportation means and, in the field of electronics, aims to add new production lines for laptops, tablets, mobile phones, prepaid electricity meters, and routers. The spokesperson also said that the Chairman reviewed the organization's efforts in the field of clean energy, particularly in producing solar panels using the latest technologies, including a project to establish a solar power plant connected to the government grid in Uganda, as part of the Egyptian initiative for Nile Basin countries. The Chairman also reviewed the most important new civil projects the organization is implementing, as well as the development of e-marketing tools and mechanisms within the organization in cooperation with specialized entities to promote products and services and expand the customer base through innovative digital platforms that align with market trends locally, regionally, and the requirements of digital transformation. He also reviewed the efforts made by the organization to qualify human resources through the Arab Institute for Advanced Technology, the AOI Academy for Engineering Training, the Helwan Academy for Technical Education, the Technical Secondary School for Dual Education and Training, and the Welding Academy in Helwan in cooperation with the International Institute of Welding in Italy. The spokesperson added that the President commended the organization's efforts in various fields. El-Sisi stressed the need to continue its endeavours aimed at increasing production and reducing prices to achieve competitiveness, deepen local manufacturing, localise advanced technology, and develop local supply chains to ensure the production of components with global quality and reduce reliance on imports, especially in vital sectors. The President also emphasized the importance of continuing ongoing coordination and fruitful, constructive integration between ministries, the private sector, and various Egyptian industrial bodies to achieve industrial harmony and optimize the exploitation of national manufacturing capabilities. Follow us on: Facebook Instagram Whatsapp Short link:
Yahoo
5 days ago
- Business
- Yahoo
Applied Optoelectronics Announces Date of Second Quarter 2025 Financial Results Conference Call
SUGAR LAND, Texas, July 17, 2025 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI) ('AOI'), a leading provider of advanced optical and HFC networking products that power the internet, today announced that it will release financial results for its second quarter ended June 30, 2025, on Thursday, August 7, 2025. AOI will host a conference call and webcast for analysts and investors to discuss its second quarter 2025 financial results and outlook for its third quarter 2025 at 4:30 p.m. Eastern Time / 3:30 p.m. Central Time the same day. To participate in the call, please dial 844-890-1794 and ask to be joined to the AOI call. A live audio webcast of the conference call and supplemental financials will be accessible from the company's Investor Relations website at Following the webcast, an archived version will be available on the website for one year. A telephonic replay of the call will be available one hour after the call and will be available until August 14, 2025, at 11:59 p.m. Eastern Time / 10:59 p.m. Central Time and may be accessed by dialing 877-344-7529 and entering passcode 7484245. About AOI Applied Optoelectronics, Inc. (AOI) is a leading developer and manufacturer of advanced optical and HFC networking products that are the building blocks for AI datacenters, CATV and broadband fiber access networks around the world. AOI supplies this critical infrastructure to tier-one customers across cloud computing, CATV broadband, telecom, and FTTH markets. The company has R&D facilities in Atlanta, GA, and engineering and manufacturing facilities at its corporate headquarters in Sugar Land, TX, as well as in Taipei, Taiwan and Ningbo, China. For additional information, visit Investor Relations Contacts: The Blueshirt GroupLindsay Savarese+1-212-331-8417ir@ in to access your portfolio
Zawya
14-07-2025
- Business
- Zawya
Egypt to build off-grid PV power plant in Djibouti
Arab Finance: The Arab Renewable Energy Authority, affiliated with the Arab Organization for Industrialization (AOI), and Egypt's New and Renewable Energy Authority (NREA) signed a contract to build a 300-kilowatt power station in Djibouti, according to a statement. The joint project will be implemented by deploying off-grid photovoltaic (PV) systems and a battery energy storage solution with a capacity totaling 1,129 kilowatt-hours. Moreover, the agreement affirms Egypt's contribution to boosting clean energy in Africa and transferring technical expertise in the field of renewable energy to neighboring countries. It also comes within the framework of the state's vision to enhance regional cooperation and achieve sustainable development goals. The Arab Renewable Energy Authority serves as the main contractor for the project, while NREA acts as the technical consultant. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
