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Alstom consortium inks EUR 690 mn rail upgrade package
Plus: Trial operations for the first line of high-speed electric rail network have been pushed to September or October
More Chinese car assembly, Elmarakby’s EGP 1 bn vertical play, and Turkish denim lands in SCZone
It’s a good morning for manufacturing in Egypt…
Cairo-Alexandria freight railway awarded to Egyptian-French consortium
The project is scheduled for launch midway through 2026 and slated for completion in 2030
More details on Alstom’s multi-mn-EUR Borg El Arab complex
The complex will be fully operational before the end of 2026
Alstom’s Borg El Arab railway manufacturing complex gets the green light from gov’t
PLUS- Rashid Petroleum Company is planning to increase gas production by 44.1% y-o-y to 320 mn cubic feet per day…
El Marakby Steel is carrying out a USD 30 mn export push
PLUS- TBS Holding plans to carry out a EGP 250 mn local expansion plan over the coming three years
ExxonMobil discovers natural gas at its first ever offshore well in Egypt. PLUS:Alqahtani Holding + Tanmia Petroleum + Enppi + Petrojet, Alstom, CI Capital, Misr Beni Suef Cement
The size of the find has yet to be determined, but pre-drill estimates came in at around 3.5 tn cubic…
Cabinet approves new rules for Nile facilities + maritime cooperation with Oman + extended land lease for France’s Alstom
Amendments to the Water Resources and Irrigation Law will open up more of the Nile riverbank to development
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