Back to the complete issue
Monday, 27 May 2019

Egyptian gov’t selects OC-led consortium for 6 October-new capital monorail tender

Gov’t taps OC-led consortium to enter talks on 6 October-new capital monorail -report: A consortium of Orascom Construction, Arab Contractors and Canada’s Bombardier has been selected to enter negotiations on the construction of the 6 October-new capital monorail, Al Masry Al Youm reports, citing unnamed sources. The government could still consider offers from the second competing consortium — made up of China Railway Construction Corporation (CRCC), the Arab Organization for Industrialization’s railways factory SEMAF, Samcrete and Petrojet — if no agreement is reached, the sources noted.

Cabinet announced last week that it has selected the winning bid. The project will see the consortium construct two high-speed monorail lines that will link the new administrative capital to 6 October.

Did someone say monorail?

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.