CAIRO: Malaysian Technology Development Corp (MTDC) and the Egyptian Academy of Scientific Research and Technology (ASRT) entered into a memorandum of understanding (MoU) here yesterday to embark on a commercialisation and research partnership.
MTDC chief executive officer Datuk Norhalim Yunus said the collaboration between MTDC and ASRT was an excellent platform towards enhancing the capacity of both parties. “It allows us to implement and manage technology development and commercialisation programmes,” he saidafter the MoU signing ceremony.
Norhalim signed on behalf of MTDC, while Professor Dr Al Sherbini Maged, president of ASRT, inked the agreement for the academy.
Norhalim said the MoU would also accelerate the transfer of technology and the development of new technology companies for commercialising technology developed via the collaboration.
“This collaboration will also create new markets and economic groupings through bilateral and multilateral cooperation between technology companies of both countries,” he added.
Maged said the collaboration would enable more Egyptian enterprises to enter the Malaysian market. “The MoU will create a win-win situation for the Malaysian and Egyptian economy. More jobs and value-added industries will be created through this collaboration,” he added. – Bernama