News|Event date: April 1, 20262 min readSpecial Affairs Editor
The Global Development Fund is leading an alliance between Russia's Arka and Egypt's Diyar to support heavy industry and energy.
The Global Development Fund, headed by Dr. Hussein Aref, participated in cooperation with the Russian company “Arka” in the successful signing of a strategic agreement to localize the Russian pump industry in Egypt with the Egyptian “Diyar” group.
Under the leadership of Dr. Hussein Aref: The International Development Fund, in cooperation with the Russian company Arka, contributes to the successful signing of a strategic agreement to localize the Russian pump industry in Egypt with the Egyptian Diar Group.
The International Development Fund, under the leadership of Dr. Hussein Aref, actively participated in the Egypt Energy Conference, culminating in an unprecedented investment and industrial step. The Fund, in cooperation with the Russian company Arka, facilitated the successful signing of a strategic agreement with the Egyptian Diar Group to localize and transfer advanced Russian pump manufacturing technology to Egypt. This three-pronged partnership addresses the needs of all vital sectors, most notably the oil and natural gas industries.
This achievement highlights the pivotal and effective role played by the International Development Fund, under the leadership of Dr. Hussein Aref, in building bridges of cooperation between advanced Russian technology and Egyptian expertise and industrial clusters. The project to transfer Russian manufacturing to Egypt ensures the delivery of finished products with standard specifications and operational efficiency comparable to the best European models, while achieving a significant competitive and economic advantage by halving costs and prices.
This agreement between the Fund, Arca, and Diyar Group underscores Dr. Hussein Aref's strategic vision of leveraging international partnerships to serve sustainable development and revitalize technological and industrial ties between partner countries. It also reflects the Fund's commitment to creating an attractive investment environment that transforms promising opportunities into tangible projects, thereby supporting the regional economy and bridging development gaps. Dr. Aref commended Egypt's position as a leading hub for heavy industries and energy.
