Alstom to invest EUR 300 mn in Borg El Arab factories: French rail manufacturer Alstom plans to invest some EUR 300 mn in Egypt over the next three years to establish two factories in Borg El Arab to produce electrical systems and metro and monorail rolling stock, Al Mal reports, citing sources it says have knowledge of the matter. The news comes on the heels of cabinet’s approval to allocate land for the two planned factories. A representative of the company declined to comment on the matter when we reached out last week.

Refresher: Cabinet earlier this month approved in principle a plan put forward by Alstom to establish an industrial complex in Borg El Arab. The complex is set to include two factories producing electrical and signaling systems and other parts for railways, metro lines, high-speed rails, and monorails.

Where do the plans stand? Alstom is in talks with the Transport Ministry to finalize the designs of the factories, which should be drawn up in line with the specifications of the Egyptian Railway Authority and the National Authority for Tunnels, according to Al Mal’s sources.

Alstom is a big player in Cairo public transit projects: The company is leading theconsortium in charge of the Sixth of October-new capital monorail, and is a key supplier for the Cairo Metro, providing new rolling stock for Metro Line 1, and signaling and control systems for the third phase of Metro Line 3. It is also set to supply rolling stock and a raft of equipment for the planned Metro Line 6.

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