Arab Organization For Industrialization
The Arab Organization for Industrialization supervises nine military factories which produce civilian goods as well as military products. Initially the owners of AOI were the governments of Egypt, Saudi Arabia, and the United Arab Emirates, before the latter governments gave their shares back to Egypt in 1993, valued at $1.8 billion. AOI now is entirely owned by the government of Egypt. AOI has about 19,000 employees out of which are 1250 engineers. AOI fully owns 10 factories and shares in 2 joint ventures, plus the Arab Institute for Advanced Technology
Read more about this topic: Egyptian Armed Forces
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