Fri, 18 Sep 2020 - 03:50 GMT
Monorail - FILE
CAIRO – 18 September 2020: Egypt is planning to establish the first factory to manufacture trains and monorail in partnership between ministries of transport, planning and Economic Authority for the Development of Suez Canal.
In the below lines, et provides details about the factory, which is set to be built in East Port Said.
The factory will be allocated for manufacturing of railway vehicles, metros and monorails.
A company was established under the name of “The Egyptian National Railways Industries” to undertake the establishment and the operation of the factory.
This company will be in partnership with the Suez Canal Economic Zone, the Egyptian Sovereign Fund and the Bombardier International Company.
The aim behind establishing the factory is to settle train industry in Egypt. The factory will provide local needs as well as exports to countries in Africa and the Middle East.
Implementation studies related to the factory are current underway, so that once the factory is established, a group of factories for complementary industries for trains manufacturing will ensue.