A consortium of Elsewedy Electric and Italy’s Saipem and Salce have been awarded a tender issued by El Wady for Phosphate Industries and Fertilizers’ (WAPHCO) to rebuild the Abu Tartour-Qena freight railway line, according to Elsewedy's disclosure to the bourse (pdf). The consortium will reconstruct the railway cargo line and add a passenger extension from Hurghada through Safaga.
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…