Arab Finance: The Arab Organization for Industrialization (AOI) signed a memorandum of understanding (MoU) with the Chinese defense firm Shadow Wings to cooperate on localizing modern defense technologies, as per a statement.
Chairman of the AOI Mokhtar Abdel Latif noted that the partnership focuses on transferring and localizing advanced defense-system manufacturing technologies, making use of the aircraft factory’s production capabilities.
He said the AOI aims to position its factories as a regional center for cooperation, knowledge exchange, and joint production to meet the needs of Egypt as well as partner countries in Arab and African markets.