Egyptian drone and robotics company X-GEN plans to increase its investments fivefold to around EGP 5 billion ($92.3M) over the next three years as it works to localise manufacturing, according to an interview with Asharq Business.
The company is pursuing technology-transfer partnerships with organisations in China, France and Saudi Arabia. It plans to combine imported technologies with locally manufactured components and develop applications tailored to sectors including electricity, energy, agriculture, facilities management and firefighting.
X-GEN’s localisation model varies by product. Some solutions based on imported drones, including firefighting systems, contain around 15% local components, while one of its founding partners has developed an Egyptian drone with approximately 95% locally made components.
Founder and CEO Amir Waheed said the company focuses on delivering services rather than simply selling equipment. Its approach involves adapting global technologies, adding Egyptian components and customising solutions for each sector’s operational needs.
X-GEN has started implementing projects in Libya and is developing business relationships and projects in Saudi Arabia. The company also plans to enter additional neighbouring markets, although it has not disclosed the value of its regional operations or identified its next target markets.
Source: Waya
