Egypt is going to start manufacturing high-precision lathe machines

A couple of things we’re keeping an eye on this morning:

• The Arab Organization for Industrialization will work with the German arm of DMG Mori to set up Egypt’s first factory for high-precision lathe machines.
• Egypt will receive EUR 145 in financing from the African Development Bank for the purchase of a European Train Control System (ETCS) to improve railway safety on an almost 1k stretch of the network.