The Arab Organization for Industrialization’s SEMAF factory has contracted a Ukrainian company to build and supply 15 trams to Alexandria at a total cost of USD 17.5 mn, head of the Public Transportation Authority in Alexandria Khaled Elewa told Al Borsa. Fifteen percent of the tram components will be sourced domestically by SEMAF, government source said.
More from Enterprise
Banque du Caire opens its IPO books at EGP 4.82-5.30 a share, with room to grow to 45%
The state-owned lender could raise up to EGP 36.4 bn,…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…