TRANSPORT-

Egyptian National Railways signed three contracts worth over USD 235 mn with US-based Progress Rail to upgrade and maintain parts of the country’s locomotive fleet, according to a statement from the Transport Ministry, another from the US Embassy in Cairo, and a statement from Progress Rail. The agreement with the Caterpillar subsidiary covers the refurbishment of 100 diesel-electric locomotives at a cost of USD 185 mn, a USD 42 mn contract to supply spare parts for 141 units over 15 years, and a USD 5 mn technical support agreement for the same units over five years, with an option to extend for another five.

We knew this was coming: The cabinet approved the transaction during one of its weekly meetings late last month.

LOGISTICS-

French shipping giant CMA CGM secured a 35% stake in the October Dry Port under a strategic partnership it signed with the port, according to a Transport Ministry statement. The partnership aims to boost the port’s operations, improve cargo flow, and provide integrated logistics services.

BACKGROUND- The October Dry Port Company (ODP) is setting up the USD 60 mn Sixth ofOctober dry port under a build-operate-transfer structure. ODP is a JV that is 70% owned by Elsewedy Electric, 20% held by SLP for Logistic Properties, and 10% by DB Schenker Egypt — it remains unclear whose stake CMA CGM took over.

What they said: “The arrival of CMA CGM as a partner represents a major step towards consolidating the October Dry Port’s position as a national and regional logistics hub,” said Elsewedy Electric CEO Ahmed Elsewedy. “This agreement strengthens Egypt’s position as a regional logistics hub and supports national goals to promote industrial growth, sustainable development, and its integration into global trade.”

ENERGY-

Emarat Misr plans to roll out ten fueling and service stations across the country, according to an Oil Ministry statement. The new stations will add to the company’s portfolio of 17 stations nationwide.

DIPLOMACY-

Egypt and Hungary signed an agreement to expand cooperation across 26 sectors over the weekend during the Egyptian-Hungarian Joint Committee, according to a statement from the Planning and International Cooperation Ministry. The sectors include trade, investment, military production, and customs. Both nations also signed an MoU to reduce industrial pollution, protect the environment, and exchange knowledge. The Hungarian side highlighted potential partnerships between the two countries in the fields of green hydrogen, food security, ICT, and AI.

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