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
Famous quotes containing the words arab and/or organization:
“As the Arab proverb says, “The dog barks and the caravan passes”. After having dropped this quotation, Mr. Norpois stopped to judge the effect it had on us. It was great; the proverb was known to us: it had been replaced that year among men of high worth by this other: “Whoever sows the wind reaps the storm”, which had needed some rest since it was not as indefatigable and hardy as, “Working for the King of Prussia”.”
—Marcel Proust (1871–1922)
“The organization controlling the material equipment of our everyday life is such that what in itself would enable us to construct it richly plunges us instead into a poverty of abundance, making alienation all the more intolerable as each convenience promises liberation and turns out to be only one more burden. We are condemned to slavery to the means of liberation.”
—Raoul Vaneigem (b. 1934)