|08 February, 2020

Elsewedy Technical Academy welcomes high level Swiss delegation to explore continued cooperation

The meeting was attended by Mr. Paul Garnier Ambassador, Head of Mission Embassy of Switzerland in Egypt, and his accompanying key business delegates, as well as Ms. Hanan El Rihany, CEO of STA

Elsewedy Technical Academy welcomes high level Swiss delegation to explore continued cooperation

Cairo, Egypt: Elsewedy Technical Academy (STA) welcomed Switzerland’s Federal Councillor Mr. Guy Parmelin, Head of the Federal Department of Economic Affairs, Education, and Research and his accompanying delegation to discuss the success of the STA model of vocational education and training in Egypt, potential partnerships and ongoing cooperation. The meeting was attended by Mr. Paul Garnier Ambassador, Head of Mission Embassy of Switzerland in Egypt, and his accompanying key business delegates, as well as Ms. Hanan El Rihany, CEO of STA.

On the sidelines of the visit, Eng. Ahmed Elsewedy, Chairman of Elsewedy Electric Foundation commented: “Quality education is foundational to the successful development and growth of any country and its citizenry. Our cooperation with Switzerland directly contributes to the excellent educational programs STA students receive right here in Egypt. Together, we are educating a pool of professional members of the technical community who will play an active role in the labor market.”

This visit highlights the importance of Switzerland’s contribution to technical education and vocational training in Egypt through in technical cooperation with STA as a means to bolster the economic inclusion of young women and men through improved access to high quality dual education and training in Egypt.

“Switzerland, as a forerunner in technical vocational and educational training, is glad to support together with EBRD, STA’s innovative approach to provide improved access to high quality skills development opportunities for young women and men.” said Mr. Paul Garnier, Ambassador of Switzerland in Egypt.

“We are committed to supporting Egypt’s technical education and training system with our long-standing bilateral relations with Egypt,” said Mr. Guy Parmelin, Head of the Federal Department of Economic Affairs, Switzerland. “We are exceptionally proud of the progress of this flagship project and look forward to more fruitful cooperation with STA in the future.”

The collaboration began in September 2018 with the support of the European Bank for Reconstruction and Development (EBRD) and the Swiss State Secretariat for Economic Affairs (SECO). It was then implemented by GFA-Consulting Group, one of the largest German companies in the field of development cooperation to modernize the 3-year “Industrial Electronics Technician” program and enrich it with content from German training program to offer STA students higher quality education and training.

STA aims to extend the Egypt-Switzerland bilateral relations in technical education and training to enhance vocational training, skills standards, employability, and job market access for youth in Egypt.

-Ends-

About Elsewedy Electric:

ELSEWEDY ELECTRIC (EGX: SWDY.CA) is a leading provider of integrated energy solutions in Africa and the Middle East, and a significant contributor to economic growth in EGYPT. The Company has a portfolio incorporating all traditional and renewable energy areas along with related services. It is one of the largest worldwide manufacturers of cables and meters, especially smart meters. It is also one of the regional and continental leaders in electrical contracting and manufacturing of transformers, insulators and other electrical products. With a wealth of local experience and manpower, ELSEWEDY ELECTRIC is committed to help provide the countries, in which the Company operates, with a reliable and affordable power supply. In fiscal 2018, which ended on 31st of December 2018, ELSEWEDY ELECTRIC generated revenue from continuing operations of EGP 42.5 billion and net income of EGP 4.9 billion. At the end of December 2018, the company had around 14,000 employees worldwide. Further information is available on the Internet at www.elsewedyelectric.com

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