{"id":562360,"date":"2021-05-20T03:50:54","date_gmt":"2021-05-20T03:50:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations\/"},"modified":"2021-05-20T03:50:54","modified_gmt":"2021-05-20T03:50:54","slug":"oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations\/","title":{"rendered":"OC, Samcrete, and Arab Contractors in talks for EGP 7.5 bn railway renovations"},"content":{"rendered":"<p><strong>The Transport Ministry is in talks with Orascom Construction, Samcrete and the <\/strong><strong>Arab Contractors to overhaul and upgrade some 820 km of rail lines<\/strong>, a project that will cost around EGP 7.5 bn to complete, the <a href=\"https:\/\/bit.ly\/3eZEHMF\">local press<\/a> reported, citing unnamed sources. The work will start in the next fiscal year, which begins on 1 July.<\/p>\n<p><strong>Paris-based education group <\/strong><strong><a href=\"https:\/\/www.open-sky-intl.com\/eg_en\/\">Open Sky International<\/a><\/strong><strong> (OSI) is opening the doors to<\/strong><strong> its first school in Cairo this September<\/strong>, with plans to set up another 10 of its schools in Egypt by 2025, according to <a href=\"https:\/\/ent.news\/2021\/5\/OSI-Press-Release-2021-En.doc.pdf\">a statement (pdf)<\/a>. OSI\u2019s school will teach students in French and English, in addition to \u201cteaching Arabic to a high standard.\u201d<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>The <strong>Egyptian Countryside Development Company<\/strong> and Spanish water management <strong>Aqualia Egypt<\/strong> <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/pcb.1934388730072816\/1934388333406189\/?type=3&source=49\">signed an MoU<\/a> to work together on <strong>water desalination plants<\/strong> and smart irrigation systems within the development company\u2019s 1.5 mn feddan project.<\/li>\n<li>The <strong>Federation of Egyptian Industries<\/strong> is <a href=\"https:\/\/bit.ly\/341ht2q\">lobbying<\/a> the Trade and Industry Ministry to reverse its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cbfec2c2-64ef-49fc-a8b2-6904ca4e0ddd\">decision to impose<\/a> additional import duties on <strong>aluminum products<\/strong> for three years, saying the decision is negatively impacting Egyptian producers and driving up local prices.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Transport Ministry is in talks with Orascom Construction, Samcrete and the Arab Contractors to overhaul and upgrade some 820 km of rail lines, a project that will cost around EGP 7.5 bn to complete, the local press reported, citing unnamed sources. The work will start in the next fiscal year, which begins on 1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,833,72,363,997,207,208],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562360","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arab-contractors","tag-enterpriseam","tag-orascom-construction","tag-samcrete","tag-transport","tag-transport-ministry","wpautop","entry"],"acf":{"mongo_id":"21586ace-41e5-47f7-8ccf-f92eb716f19f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562339],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OC, Samcrete, and Arab Contractors in talks for EGP 7.5 bn railway renovations - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OC, Samcrete, and Arab Contractors in talks for EGP 7.5 bn railway renovations\" \/>\n<meta property=\"og:description\" content=\"The Transport Ministry is in talks with Orascom Construction, Samcrete and the Arab Contractors to overhaul and upgrade some 820 km of rail lines, a project that will cost around EGP 7.5 bn to complete, the local press reported, citing unnamed sources. The work will start in the next fiscal year, which begins on 1 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-20T03:50:54+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OC, Samcrete, and Arab Contractors in talks for EGP 7.5 bn railway renovations\",\"datePublished\":\"2021-05-20T03:50:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations\/\"},\"wordCount\":203,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"Arab Contractors\",\"EnterpriseAM\",\"Orascom Construction\",\"Samcrete\",\"transport\",\"Transport Ministry\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations\/\",\"name\":\"OC, Samcrete, and Arab Contractors in talks for EGP 7.5 bn railway renovations - 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The Transport Ministry had originally selected a consortium of China Railway Engineering Corporation, China\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603059,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/14\/egypt-considering-two-china-heavy-consortiums-for-usd-8-5-bn-alamein-sokhna-electric-rail\/","url_meta":{"origin":562360,"position":1},"title":"Egypt considering two China-heavy consortiums for USD 8.5 bn Alamein-Sokhna electric rail","author":"enterpriseam admin","date":"14 April 2019","format":false,"excerpt":"Two consortiums of predominantly Chinese companies have submitted their technical and financial offers to construct the USD 8.5 bn Alamein-Ain Sokhna electric railway, a government official tells Al Shorouk. The first consortium is comprised of China Civil Engineering Construction Corporation (CCECC), China Railway Construction Corporation Limited (CRCC), local construction firm\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568341,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/more-world-bank-railway-funding\/","url_meta":{"origin":562360,"position":2},"title":"More World Bank railway funding?","author":"enterpriseam admin","date":"27 December 2020","format":false,"excerpt":"The Transport Ministry is in talks with the World Bank for two loans worth a combined USD 400 mn for a planned railway upgrade project, Al Shorouk reports, citing unnamed government sources. The potential funding packages would include USD 200 mn to finance the transition to an electric railway signaling\u2026","rel":"","context":"In &quot;Transport&quot;","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/440.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559324,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/18\/whos-in-on-high-speed-electric-rail\/","url_meta":{"origin":562360,"position":3},"title":"Who\u2019s in on high-speed electric rail?","author":"enterpriseam admin","date":"18 January 2021","format":false,"excerpt":"Orascom Construction (OC) and Arab Contractors are working with Siemens on the USD 23 bn high-speed electric rail network after the consortium signed an MoU with the National Authority for Tunnels, OC confirmed in a statement (pdf) yesterday. The three companies will design, install, and commission the rail system, which\u2026","rel":"","context":"In &quot;Transport&quot;","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/204.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629430,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/samcrete-toyota-arab-contractors-among-those-interested-in-ras-sudr-airport-tender\/","url_meta":{"origin":562360,"position":4},"title":"Samcrete, Toyota, Arab Contractors among those interested in Ras Sudr Airport tender","author":"enterpriseam admin","date":"30 May 2018","format":false,"excerpt":"As many as eight domestic and international companies are reportedly eyeing a tender to develop Ras Sudr Airport and an adjacent touristic resort, sources close to the matter tell Al Mal. The list of potential bidders includes the Toyota Tsusho Corporation, Samcrete, as well as Arab Contractors and RW Armstrong\u2026","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624889,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/samcrete-asks-nbe-for-bigger-credit-facility-to-finance-growing-projects\/","url_meta":{"origin":562360,"position":5},"title":"Samcrete asks NBE for bigger credit facility to finance growing projects","author":"enterpriseam admin","date":"20 September 2018","format":false,"excerpt":"Samcrete Egypt Engineers and Contractors has asked to increase the size of a credit facility it\u2019s negotiating with National Bank of Egypt (NBE) to nearly EGP 3.2 bn to finance the growing number of projects it\u2019s handling, Al Mal reported. The company\u2019s negotiations with NBE had begun in March over\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=562360"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562360\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562339"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562360"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562360"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}