{"id":639328,"date":"2017-10-26T06:43:08","date_gmt":"2017-10-26T06:43:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/el-sisi-meets-with-french-finmin-business-leaders\/"},"modified":"2017-10-26T06:43:08","modified_gmt":"2017-10-26T06:43:08","slug":"el-sisi-meets-with-french-finmin-business-leaders","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/el-sisi-meets-with-french-finmin-business-leaders\/","title":{"rendered":"El Sisi meets with French finmin, business leaders"},"content":{"rendered":"

<\/a> French companies get contracts to help plan upgrade of Egyptian rail and light rail <\/strong>systems: <\/strong>Among the highlights for business on the third and final day of President Abdel Fattah El Sisi\u2019s visit to Paris: Transport Minister Hisham Arafat signed an agreement with French state-owned railway company SNCF which would see it cooperate with Egyptian National Railways (ENR) to study developing a line connecting the new administrative capital with Egypt\u2019s railway network and to study modernizing railway cargo transport. The agreement would also see SNCF provide technical assistance and training. Arafat also signed an agreement with light rail and metro operator RATP that would see it develop a plan on how to best operate the Cairo Metro 3 Line and provide maintenance for the Cairo Metro Line 1. The two governments also signed an agreement to study developing a transportation system for the city of Mansoura. Al Masry Al Youm has the details<\/a>.<\/p>\n

President El Sisi also witnessed the signing of 16 other agreements<\/strong>, the newspaper reports<\/a>. Four of these were for loans from the French Development Agency that will, in sum, fund energy and healthcare projects nationwide as well as a sewage treatment plant in Alexandria and provide budget support for Egypt\u2019s social safety net. French development finance institution Proparco will also provide funding for the development of six solar power plants in Benban. Two of these would be jointly developed by \u00c9lectricit\u00e9 de France and Elsewedy Electric. Voltalia will be developing two other solar plants, while renewable energy group EREN will be building another two.<\/p>\n

The signings followed a <\/strong>meeting with French Finance Minister<\/strong><\/a> Bruno Le Maire and a dozen business leaders<\/strong> yesterday, the Associated Press reports<\/a>. (Al Borsa puts the number of companies<\/a> that met with El Sisi at 30). The president also met the head of the French National Assembly<\/a>, Fran\u00e7ois de Rugy, as well as Senate President<\/a>G\u00e9rard Larcher to discuss parliamentary cooperation between Egypt and France.<\/p>\n

Trade and Industry Minister Tarek Kabil also met yesterday with the <\/strong>Movement of French <\/strong>Enterprises<\/strong> (MEDEF)<\/a> to discuss Egypt\u2019s business climate following economic reforms. Kabil also participated in a meeting of the French-Egyptian Business Council<\/a> that centered on talks to increase economic cooperation and investments between the two countries.<\/p>\n

The minister also signed a cooperation agreement on promoting entrepreneurship<\/strong> with the Deputy Director General of the French Treasury, Thomas Courbe, Al Shorouk reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

French companies get contracts to help plan upgrade of Egyptian rail and light rail systems: Among the highlights for business on the third and final day of President Abdel Fattah El Sisi\u2019s visit to Paris: Transport Minister Hisham Arafat signed an agreement with French state-owned railway company SNCF which would see it cooperate with Egyptian […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639328","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dd1fd06e-f486-44d9-bf4b-d88ec64a752b","order":"0","is_powered_by":true,"section_story_id":"98d0bb69-1b3c-451e-b4e6-dc75cb29393f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639317],"teaser":"","voice_url":""},"yoast_head":"\nEl Sisi meets with French finmin, business leaders - 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The 27-station,\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/297.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576442,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/24\/six-railways-agreements-signed-at-transmea-2020\/","url_meta":{"origin":639328,"position":2},"title":"Six railways agreements signed at TransMea 2020","author":"enterpriseam admin","date":"24 November 2020","format":false,"excerpt":"The Transport Ministry signed six railway agreements on the sidelines of the TransMea 2020 expo on Monday, covering the national railway, two planned electric train lines and Cairo\u2019s metro network, a ministry statement said. These include two agreements with a Chinese consortium worth c. USD 530 mn to finance the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548887,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/hyundai-rotem-signs-usd-656-mn-agreement-to-locally-produce-rolling-stock-for-the-cairo-metro\/","url_meta":{"origin":639328,"position":3},"title":"Hyundai Rotem signs USD 656 mn agreement to locally produce rolling stock for the Cairo Metro","author":"enterpriseam admin","date":"25 August 2022","format":false,"excerpt":"Hyundai Rotem has signed a USD 656 mn contract to locally produce rolling stock for the Cairo metro, the Transport Ministry said in a statement yesterday. Under the agreement, the South Korean railway equipment manufacturer will produce 40 trains comprising 320 carriages for Metro lines 2 and 3 alongside the\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/393.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565843,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/three-foreign-companies-bidding-to-manage-egypts-railways\/","url_meta":{"origin":639328,"position":4},"title":"Three foreign companies bidding to manage Egypt\u2019s railways","author":"enterpriseam admin","date":"9 May 2021","format":false,"excerpt":"Three foreign companies are bidding to help manage Egypt\u2019s railways: The Transport Ministry is in talks with three unnamed international companies to help manage the country\u2019s rail network, reports Al Mal, citing unnamed sources in the know.Who\u2019s in so far? Details are sketchy so far, but the sources say that\u2026","rel":"","context":"In "SPEED ROUND: TRANSPORT"","block_context":{"text":"SPEED ROUND: TRANSPORT","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/327.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555297,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/09\/alstom-lands-eur-876-mn-rolling-stock-contract-for-cairo-metro-line-1\/","url_meta":{"origin":639328,"position":5},"title":"Alstom lands EUR 876 mn rolling stock contract for Cairo Metro Line 1","author":"enterpriseam admin","date":"9 November 2021","format":false,"excerpt":"French train manufacturer Alstom has signed a EUR 876 mn contract with the National Authority for Tunnels to provide new rolling stock for Cairo Metro Line 1, the company announced in a statement. 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