General Bahri Abdulqadir Darwish، head of Suez Canal’s economic authority met a Schaeffler company’s delegation from Germany to discuss investment opportunity in Suez Canal region.
The German company specializes in automobile and train engines.
The delegation included Rainer Lindner، Schaeffler’s executive director in Europe، Middle East and Africa، Tobias Chrisr، sales director in the same region and Mona Abuud، trade and industry representative.
Darwish welcomed the delegation expressing his satisfaction and thanking company officials for visiting the region and witnessing the volume of work performed on the ground as well as the economic reforms taken by Egypt to advance investment process.
Darwish explained all the projects carried out in the economic zone at length.
On behalf of the company، Lindner said that his corporation supplies and develops automobile and train engines، modern spare parts that are environmentally friendly.
The company generates annual profits of 14 billion Euros، has 170 branches in 50 countries around the globe and has more than 89، 000 employees.