{"id":646592,"date":"2017-06-19T03:58:17","date_gmt":"2017-06-19T03:58:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/ge-locomotives-agreement-increases-domestic-component-to-50-from-35\/"},"modified":"2017-06-19T03:58:17","modified_gmt":"2017-06-19T03:58:17","slug":"ge-locomotives-agreement-increases-domestic-component-to-50-from-35","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/ge-locomotives-agreement-increases-domestic-component-to-50-from-35\/","title":{"rendered":"GE locomotives agreement increases domestic component to 50% from 35%"},"content":{"rendered":"

GE will use 50% domestic content in the 100 locomotives it is selling Egypt under a <\/strong>USD <\/strong>575 mn contract<\/strong><\/a> announced this past weekend. That\u2019s up from 35% under similar previous contracts, Investment and International Cooperation Minister Sahar Nasr said in a statement pdf)<\/a>. Judging from chatter on last night\u2019s talk shows (above) the local content requirement will be met in part by having as many as 50 of the locos assembled in Egypt. GE will also supply spare parts and technical support for the new locomotives and 81 existing trains under a 15-year maintenance contract. The Boston-headquartered company is also set to provide training for 275 engineers and technicians from the Egyptian Railway Authority.<\/p>\n","protected":false},"excerpt":{"rendered":"

GE will use 50% domestic content in the 100 locomotives it is selling Egypt under a USD 575 mn contract announced this past weekend. That\u2019s up from 35% under similar previous contracts, Investment and International Cooperation Minister Sahar Nasr said in a statement pdf). Judging from chatter on last night\u2019s talk shows (above) the local […]<\/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-646592","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"382dea78-3b60-47fe-9591-cdf28111598e","order":"0","is_powered_by":true,"section_story_id":"28c80fb1-c765-4760-acff-50b6b3293777","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646582],"teaser":"","voice_url":""},"yoast_head":"\nGE locomotives agreement increases domestic component to 50% from 35% - 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\/2017\/06\/19\/ge-locomotives-agreement-increases-domestic-component-to-50-from-35\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GE locomotives agreement increases domestic component to 50% from 35%\" \/>\n<meta property=\"og:description\" content=\"GE will use 50% domestic content in the 100 locomotives it is selling Egypt under a USD 575 mn contract announced this past weekend. 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The locomotives are part of a plan to\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":646707,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/ebrd-eur-290-mn-funding-to-egypt-not-related-to-ge-agreement\/","url_meta":{"origin":646592,"position":1},"title":"EBRD EUR 290 mn funding to Egypt not related to GE agreement","author":"enterpriseam admin","date":"21 June 2017","format":false,"excerpt":"CLARIFICATION- The EBRD\u2019s EUR 290 mn investment in Egypt to finance the Egyptian National Railway\u2019s fleet upgrade announced on Monday is separate from the USD 575 mn supply-and-maintenance contract the Investment and International Cooperation signed with General Electric on Saturday for the supply of 100 locomotives. The EBRD has issued\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":567344,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/20\/egypt-to-stop-importing-railcars-by-october-2020\/","url_meta":{"origin":646592,"position":2},"title":"Egypt to stop importing railcars by October 2020","author":"enterpriseam admin","date":"20 January 2020","format":false,"excerpt":"Egypt to stop importing railcars by October 2020? The government will no longer need to import railcars from abroad after completing the development of the Arab Organization for Industrialization\u2019s (AOI) Semaf railway factory in October 2020, Prime Minister Moustafa Madbouly said during a visit to the factory, according to a\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":634000,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/ge-to-start-work-on-upgrading-old-locomotives-in-a-month\/","url_meta":{"origin":646592,"position":3},"title":"GE to start work on upgrading old locomotives in a month","author":"enterpriseam admin","date":"2 January 2018","format":false,"excerpt":"General Electric will start work on refurbishing 81 old locomotives in a month, a source at the Egyptian National Railway (ENR) tells Al Borsa. The upgrades come as part of a broader USD 575 mn agreement, under which GE will supply Egypt with 100 new locomotives. ENR is receiving a\u2026","rel":"","context":"In "Automotive + Transportation"","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":630524,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/ge-to-begin-delivering-refurbished-locomotives-in-november-new-units-in-2h2019\/","url_meta":{"origin":646592,"position":4},"title":"GE to begin delivering refurbished locomotives in November, new units in 2H2019","author":"enterpriseam admin","date":"23 April 2018","format":false,"excerpt":"Egypt is due to start receiving its 100 new locomotives from General Electric as of 2H2019, a cabinet statement said yesterday. GE will also begin in November delivering the 81 locomotives it had been upgrading under its USD 575 mn agreement with the government. Sources said last month that the\u2026","rel":"","context":"In "Automotive + Transportation"","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":636901,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/ge-to-deliver-100-locomotives-to-enr\/","url_meta":{"origin":646592,"position":5},"title":"GE to deliver 100 locomotives to ENR","author":"enterpriseam admin","date":"2 November 2017","format":false,"excerpt":"The Transportation Ministry has set a timeline with GE for it to deliver 100 locomotives and repair 81 for Egyptian National Railways, Al Shorouk reports. 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