What we’re tracking this week and beyond
The EGP 500 mn phase 4A of Cairo Metro Line 3 is due to open “soon,” Cairo Governor Khaled Abdel Aal said, according to Ahram Gate. The 4 km phase will link four stations in Cairo: Harun, Heliopolis, Alf Maskan and Shams Club.
A Russian delegation will visit Sharm El Sheikh and Hurghada airports sometime soon to run a final security sweep ahead of a decision on whether to allow the resumption of direct flights, AMAY reported.
A consortium of Russian companies is expected to visit Egypt next month to explore investment and operational logistics in the Russian Industrial Zone area of the Suez Canal Economic Zone, reports the local press.
The gov’t will begin rolling out its debt control strategy next month, Finance Minister Mohamed Maait told Al Mal. The four-year strategy aims to bring down Egypt’s public debt to 80-85% of GDP by the end of FY2021-22.
An Egyptian ministerial delegation will visit France in March to discuss boosting bilateral trade, local press reported.
Egypt-Sudan electricity grid connection project is on track, and is set to begin its first phase trials next month, according to The North Africa Post.