Canada’s Bombardier is planning to begin this month manufacturing rolling stock for the two planned monorails linking Sixth of October City to Giza and Nasr City to the new capital, the company’s Egypt boss, Ahmed El Damanhoury said. Egypt last year signed a 30-year contract with Bombardier, Orascom Construction, and Arab Contractors that will see the consortium construct, operate, and maintain the lines. The companies target completing the new capital monorail by June 2022 and the one running from the Sixth of October by July 2023, El Damanhoury said.
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…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…