General Electric delivered 20 new locomotives to Egypt on Friday, the fourth batch of rail engines that Egypt had purchased in 2017 in a USD 602.5 mn agreement, cabinetsaid. The agreement will see GE deliver a total of 110 new railway tractors and upgrade 81 others. The latest batch brings the total number of new locomotives GE has delivered to 70.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
New tax breaks aim to revive EGX listing appetite
Newly listed companies will receive a 30% reduction on payable…
How Egypt’s fintech players can own the digital Eidiya evolution
💸 Eid traditions in Egypt (and the region) have held…