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Monday, 3 October 2016

Caterpillar commits to Egypt, is “exploring substantial investments in rail centers”

Caterpillar Inc says it has affirmed its commitment to Egypt’s infrastructure development. Following a meeting with President Abdel Fattah El Sisi, CEO Doug Oberhelman said that his vision for Egypt’s future was “impressive” adding that “Egypt is on the move and Caterpillar is committed to being a central part of the exciting developments on the horizon." Besides providing machinery working on power generation projects, tunnel projects, and the new road network, Caterpillar is “exploring substantial investments in rail centers” and said its Egyptian dealer, Mantrac, “intends to build a branch that will support the construction” of the new administrative capital.

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