EGP 2 bn push to meet June high-speed rail deadline

The Transport Ministry has made new awards exceeding EGP 2 bn to a group of contractors including Orascom Construction, Concrete Plus, and Rowad Modern Engineering to accelerate completion of the high-speed rail’s first line, a senior government source told EnterpriseAM. The ministry is deploying additional resources to ensure the infrastructure and electromechanical works are ready for a projected inauguration of the first line — running from Sokhna–El Alamein–Marsa Matrouh — this coming June.

The big picture: The contracts are part of the wider push to build-out the 2k km, three-line network. Once fully online, the network is designed to shift significant passenger and cargo volume off Egypt’s roads, with the first line serving as a key freight and passenger link between the Red Sea and the Mediterranean.

Egypt, Oman look to integrate heavy industry supply chains with Sokhna-Sohar link

Egypt and Oman are actively exploring an agreement to integrate their heavy industry supply chains, establishing logistics zones in Ain Sokhna and Sohar to facilitate the flow of Omani raw materials to Egyptian manufacturers, according to an Industry Ministry statement. For Egyptian operators, specifically in the steel and cable sectors, this signals a potential new dedicated supply line for critical feedstock. The proposal would see Omani iron and copper processed in joint industrial zones, effectively marrying Oman’s mineral wealth with Egypt’s processing capacity and access to African and European markets.

Main Development Company spends EGP 1 bn on ready-to-operate factories in Qantara West

The SCZone’s industrial development arm, Main Development Company (MDC), will set up ready-to-operate and pre-fabricated factories on a 200k sqm area in the Qantara West Industrial Zone, under a usufruct contract, according to a statement from the Suez Canal Authority. The project will be implemented over 36 months in two phases, each covering 100k sqm with EGP 500 mn in investments and an 18-month execution period. The factories will be on offer for SMEs in the textiles and garments, food and agro-processing, and textile-based medical supplies industries.

Pitcairn Food Industries setting up USD 8 mn food production facility

The local food manufacturer is establishing a 10k sqm plant in the Sokhna Industrial Zone with an annual capacity of 18k tons of frozen potatoes and vegetables, according to a statement from the SCZone. The facility is expected to go online in early 2027, and will create 450 jobs.

Terra Petroleum to drill three new wells in North West Al-Maghara concession

UK oil and gas player Terra Petroleum signed a USD 6.5 mn oil and gas exploration agreement to drill three new wells in the the North West Al-Maghara concession in the Western Desert, according to an Oil Ministry statement. The company also plans to carry out 2D and 3D seismic surveys in the concession.

REMEMBER- Terra Petroleum was among the list of international energy players who secured four concessions last year in an international bid round the Oil Ministry had launched in 2023. The companies would drill a total of 14 new wells, with at least USD 71 mn worth of investments.

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