Siemens and Petrojet sign memorandum of understanding to support joint cooperation in the petroleum, infrastructure, utilities and water sectors

Siemens and Petrojet sign a memorandum of understanding to integrate the vast expertise, excellent capabilities and technological resources of the two companies to support the petroleum, infrastructure, utilities and water sectors in the Egyptian market

Siemens and Petrojet will jointly implement future projects of mutual interest, while the two companies continue to discuss opportunities for cooperation in the petroleum, infrastructure, utilities, tunnels and water sectors in Egypt

Siemens Egypt and Petrojet have signed a memorandum of understanding under which the two companies will support the petroleum, infrastructure, utilities and water sectors in the Egyptian market by implementing joint projects of common interest in these sectors, and continue with the search for new business opportunities within the framework of the Ministry of Petroleum and Mineral Resources’ strategy aimed at achieving digital transformation The Egyptian petroleum sector within the vision of Egypt 2030.

The Memorandum of Understanding between Siemens and Petrojet is a successful model for partnerships and integration of vast experience, excellent capabilities and modern technological resources enjoyed by large companies, with the aim of unlocking the capabilities and potential of promising business opportunities in the petroleum sectors , infrastructure, utilities, tunnels and water. The two parties will use their resources and expertise to meet the diversified demand of these vital sectors, and to better exploit the great potential they enjoy.

Within the framework of this memorandum, Siemens will present its latest and most advanced smart solutions in the field of digital transformation, automation and energy management, in addition to its technical training programs which have proven very successful in the field of low voltage power distribution. , motor protection, energy management products, digital solutions and tunnel management systems. As one of the largest national companies implementing projects in the petroleum, natural gas, chemical and petrochemical industries, in addition to infrastructure, Petrojet will provide its resources, equipment and facilities, with the aim of implementing projects that contribute to development and improvement. of the capabilities of the Egyptian petroleum sector.

Commenting on the co-operation agreement and memorandum of understanding, Mr. Mostafa El Bagoury, CEO of Siemens Egypt: “We are proud of our cooperation with Petrojet, and together we have tried to support the vision of the Ministry of Petroleum and Mineral Resources in Egypt, which aims to improve the petroleum, digitally transform infrastructure, utilities, tunnels and water sectors and improve their capabilities, By relying on Siemens smart solution portfolio,

Focusing on the areas of digital transformation, automation and energy management. Technology is currently evolving at a tremendous speed, which is why our mission is to accelerate the pace of digital transformation to support development plans in Egypt during the era of the Fourth Industrial Revolution. ”

Eng Walid Lotfy, CEO and Managing Director of Petrojet, in turn said: “As the national implementation and manufacturing arm of the Egyptian petroleum sector, we are pleased to work with Siemens, which is one of the most important technology companies in Through this fruitful collaboration we will seek together Promising business opportunities in the sector, and implement projects according to the latest technological applications and solutions, to meet the growing demand within the sector in line with the strategic plan for the petroleum sector and Egypt’s Vision 2030.

The collaboration agreement was signed by Mr Mostafa El Bagoury – CEO of Siemens Egypt, Eng Walid Lotfy – Chairman and Managing Director of Petrojet, and Ms Dalia Shoukry – Head of Financial Sector at Siemens Egypt.


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Siemens AG (Berlin and Munich) is a technology company focusing on industry, infrastructure, transportation and healthcare solutions. The company creates real value-added technology for customers through more resource-efficient factories, resilient supply chains, smarter buildings and networks, cleaner and more convenient transportation and advanced healthcare. Siemens is merging the real and virtual worlds for the benefit of its customers and the communities in which it operates, transforming the daily lives of billions of people. Siemens holds a majority stake in the publicly listed Siemens Healthcare Company, one of the world’s leading providers of healthcare technology solutions. In addition, Siemens holds a non-controlling interest in Siemens Energy, the world leader in electric power generation and transmission solutions. During the 2021 financial year ending 30 September 2021, the company’s total revenue was 62.3 billion euros, while its net revenue was 6.7 billion euros. By the end of September 2021, Siemens had approximately 303,000 employees worldwide. For more information about the company, please visit the website

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