{"id":82879,"date":"2024-12-05T00:00:00","date_gmt":"2024-12-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/egypt-courts-transport-and-industrial-investments-from-italy\/"},"modified":"2024-12-05T00:00:00","modified_gmt":"2024-12-05T00:00:00","slug":"egypt-courts-transport-and-industrial-investments-from-italy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/egypt-courts-transport-and-industrial-investments-from-italy\/","title":{"rendered":"Egypt courts transport and industrial investments from Italy"},"content":{"rendered":"

<\/strong>Egypt drums up Italian interest: <\/strong>Egypt\u2019s Transport and Industry Minister Kamel El Wazir touched down in Italy this week to discuss transport and industrial investments and cooperation with a number of public and private sector representatives, according to a statement<\/a>. This comes hot on the heels of Investment Minister Hassan El Khatib visit to Germany last weekend, which garnered much interest from German companies setting up shop in Egypt<\/a> as a regional export hub.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

What we know so far about which companies have signalled interest:<\/strong><\/p>\n

#1- Home appliances manufacturer <\/strong>Ariston<\/a><\/strong> is thinking about expanding its presence in the Egyptian market. The company already has three factories in Obour City over 220k sqm.<\/p>\n

#2- Railway company Hitachi<\/strong> Rail <\/strong>\u2014 which recently acquired Thales<\/a> \u2019 ground transportation unit \u2014 is looking to expand its footprint in Egypt, citing the country\u2019s focus on developing its transportation infrastructure. Thales\u2019 former unit is currently developing the first 19-km, 16-station phase of Cairo Metro Line 4<\/a> alongside Orascom Construction and Colas Rail.<\/p>\n

#3- Industrial vehicles manufacturer <\/strong>Iveco<\/a> is conducting a feasibility study to launch a new factory in Egypt for truck manufacturing. Iveco cited Egypt\u2019s large consumer market and position as a gateway for exports as among the reasons for its interest.<\/p>\n

#4- Railway and urban mobility company<\/strong> Salcef Group<\/a> discussed establishing a new company in collaboration with Egyptian Railways for Track Renewal and Maintenance Company for the renewal of some 2k km of railway tracks and the provision of railway renewal machinery and equipment. <\/p>\n

ALSO<\/strong>- Italian state-owned Italian State Railways discussed submitting an offer to <\/strong>manage and operate Egypt\u2019s high-speed electric rail network<\/strong>, according to a separate statement<\/a>. The talks come as Deutsche Bahn \u2014 initially tapped<\/a> for the role in 2022 \u2014 has yet to submit a financial offer, violating the Transport Ministry\u2019s regulations for awarding contracts, government sources tell Al Borsa<\/a>. The ministry is reportedly planning to launch a public tender for the network\u2019s management and operation soon, whether through public bidding or a direct award.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s Transport and Industry Minister Kamel El Wazir was in Italy to talk investments with a number of public and private sector representatives<\/p>\n","protected":false},"author":1,"featured_media":82880,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[45],"tags":[49,44,134,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-egypt","tag-investment-watch","tag-projects","tag-zones","wpautop","entry"],"acf":{"mongo_id":"d0b75936-97fe-4066-922b-ebbf95df4c58","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/498.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt courts transport and industrial investments from Italy","related_issue":[82869],"teaser":"Egypt\u2019s Transport and Industry Minister Kamel El Wazir was in Italy to talk investments with a number of public and private sector representatives","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.25c5edbf-7196-4fd2-87bc-14964f174f70.mp3"},"yoast_head":"\nEgypt courts transport and industrial investments from Italy - 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