The Transport Ministry is in talks with three unnamed international iron and steel companies to set up a complex to manufacture and supply railway tracks under a public-private partnership with the National Railways Authority (NRA) and another government entity, Al Mal reports, citing an unnamed ministry source. The exact size and location of the facility were not disclosed, but the source said it will be set up on NRA-owned land near a port, with an eye to export production output at a later stage.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Here’s why “temporary listings” are all the rage right now
The government plans to list Misr Travel and Egoth in…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…