Arab Organization for Industrialization Signs a Cooperation Agreement with Elite Capital & Co. Limited
Arab Organization for Industrialization Signs a Cooperation Agreement with Elite Capital & Co. Limited Yahoo Finance
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Arab Organization for Industrialization Signs a Cooperation Agreement with Elite Capital & Co. Limited
Monday, 21st of August 2023
The Arab Organization for Industrialization (AOI) has signed a Cooperation Agreement with Elite Capital & Co. Limited, one of the leading industrialization organizations. The negotiations between the two parties began in May 2023 and culminated in this exceptional event.
Background
The Arab Organization for Industrialization (AOI) aims to deepen and increase local manufacturing, technology transfer, and localization in various industries. It also participates in strategic and development projects in Arab and African countries. Elite Capital & Co. Limited manages the Government Future Financing 2030 Program, which provides financing opportunities for industrial projects implemented by AOI.
Signing of the Agreement
The Chairman of AOI, Major General S.O. Eng. Mokhtar Abdel Latif, expressed his pride in the successful discussions with Elite Capital & Co. Limited. He emphasized the importance of implementing the directives of President Abdel Fattah El-Sisi to open new investment horizons with international institutions, aligning with Egypt’s vision for sustainable development 2030.
About AOI
The Arab Organization for Industrialization is a leading industrial platform in Egypt, the Middle East, Africa, and worldwide. It is committed to sustainable and inclusive development and operates under the supervision of the Supreme Committee and the Board of Directors.
Future Cooperation
AOI aims to strengthen its partnership with Elite Capital & Co. Limited by attracting economically feasible investments in various fields and industrial projects. The focus will be on increasing Egypt’s export industries and expanding marketing opportunities in African, Arab, and European countries.
About Elite Capital & Co. Limited
Elite Capital & Co. Limited is a Financial Management company that provides project-related services, including Management, Consultancy, and Funding for large infrastructure and commercial projects. It has expertise in banking and financial transactions and is the exclusive manager of the Government Future Financing 2030 Program.
Contact Details
Elite Capital & Co. Limited
33 St. James Square
London, SW1Y4JS
United Kingdom
Telephone: +44 (0) 203 709 5060
SWIFT Code: ELCTGB21
LEI Code: 254900NNN237BBHG7S26
Website: ec.uk.com
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 17: Partnerships for the Goals
The article discusses the cooperation agreement between Elite Capital & Co. Limited and the Arab Organization for Industrialization (AOI). This partnership aims to deepen and increase local manufacturing, technology transfer, and localization in various industries. It also focuses on financing opportunities from the Government Future Financing 2030 Program. These objectives align with SDG 9, which promotes sustainable industrialization, innovation, and infrastructure development. Additionally, the partnership between Elite Capital & Co. Limited and AOI represents a collaboration between two organizations, highlighting the importance of partnerships for achieving the SDGs, as emphasized in SDG 17.
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 9.2: Promote inclusive and sustainable industrialization
- SDG 9.3: Increase access to financial services for small-scale industries
- SDG 17.16: Enhance the global partnership for sustainable development
The article mentions the vision of AOI to deepen and increase local manufacturing, technology transfer, and localization in various industries. This aligns with SDG 9.2, which aims to promote inclusive and sustainable industrialization. The utilization of financing opportunities from the Government Future Financing 2030 Program, managed by Elite Capital & Co. Limited, also supports SDG 9.3, which focuses on increasing access to financial services for small-scale industries. Furthermore, the partnership between Elite Capital & Co. Limited and AOI represents a collaboration between organizations, contributing to SDG 17.16, which aims to enhance the global partnership for sustainable development.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Investment amount in local manufacturing projects
- Number of technology transfer agreements
- Access to financial services for small-scale industries
- Number of joint projects implemented by Elite Capital & Co. Limited and AOI
- Amount of financing provided through the Government Future Financing 2030 Program
The article mentions the implementation of joint projects between Elite Capital & Co. Limited and AOI, indicating progress towards the targets. The investment amount in local manufacturing projects and the number of technology transfer agreements can be used as indicators to measure progress towards promoting inclusive and sustainable industrialization (SDG 9.2). The access to financial services for small-scale industries can be measured to track progress towards increasing financial inclusion (SDG 9.3). Additionally, the amount of financing provided through the Government Future Financing 2030 Program can be used as an indicator to measure the effectiveness of the partnership in supporting sustainable development (SDG 17.16).
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 9: Industry, Innovation, and Infrastructure | Promote inclusive and sustainable industrialization | – Investment amount in local manufacturing projects – Number of technology transfer agreements |
| SDG 9: Industry, Innovation, and Infrastructure | Increase access to financial services for small-scale industries | – Access to financial services for small-scale industries |
| SDG 17: Partnerships for the Goals | Enhance the global partnership for sustainable development | – Number of joint projects implemented by Elite Capital & Co. Limited and AOI – Amount of financing provided through the Government Future Financing 2030 Program |
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Source: finance.yahoo.com
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