Egypt signs $8.7 billion deal with industrial manufacturing company Siemens' rail and traffic unit to build about 2,000 kilometres of high-speed railways, the German group says
Egypt has signed a contract with industrial manufacturing company Siemens' rail and traffic unit and its consortium partners to build about 2,000 kilometres of high-speed railways. The deal between Egypt's National Authority for Tunnels and a consortium of Siemens Mobility, Orascom Construction and Arab Contractors will create the world's sixth largest high-speed rail system, Siemens said on Saturday.
"The new electrified train network comes as a consolidation of the fruitful cooperation between Egypt and Germany in the field of infrastructure and will represent a valuable great addition to Egypt’s transportation system, marking the beginning of a new era for the railways system in Egypt, Africa, and the Middle East“, Egyptian President Abdel Fattah el Sisi
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