German Siemens CEO: 1st phase of electric train project in Egypt to provide 15,000 job opportunities

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Fri, 15 Jan 2021 - 11:37 GMT

FILE - Sisi meets with Siemens CEO Joe Kaeser where they reviewed the final agreement on the establishment of the electric train system.- Presidency

FILE - Sisi meets with Siemens CEO Joe Kaeser where they reviewed the final agreement on the establishment of the electric train system.- Presidency

CAIRO – 15 January 2021: German Siemens’s CEO Joe Kaeser said the new high-speed electric train project that the company will implement in Egypt will help provide 15,000 job opportunities in the field of construction in its first phase.

This phase will also provide 2,000 permanent job opportunities, Kaeser said in an interview with Sherif Amer on MBC Masr, adding that the train project will be similar to the one in Germany.

Kaeser hailed Egypt’s President Abdel Fattah El Sisi for being strong, cooperative and for being a man of his word. He said the president cares about the details and is skillful in negotiations.

The negotiations on the electric train system has been open and very respectful, he said.

The Ministry of Transport represented by the National Tunnels Authority signed a memorandum of understanding (MoU) with Siemens to implement an integrated system for the express electric train in Egypt.

The system comes with a total length of about 1000 km at the level of the Republic, and at a total cost of LE 360 billion, with the immediate start of the implementation of the line that will connect Ain Sokhna to the New Alamein City through the New Administrative Capital.

The signing ceremony was witnessed by Prime Minister Mostafa Madbouli, and attended by Minister of Transport Kamel Al-Wazir, CEO of Siemens Kaeser, and Executive Vice President of the company, Roland Busch.

The agreement was signed by President of the National Authority for Tunnels Essam Wali, and Managing Director of the company Michael Peter.

Sisi also met with Kaeser where they reviewed the final agreement on the establishment of the electric train system.

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