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Tuesday, 25 August 2020

Egypt in talks with three foreign entities to construct railway manufacturing facility

The Transport Ministry is in talks with three unnamed international iron and steel companies to set up a complex to manufacture and supply railway tracks under a public-private partnership with the National Railways Authority (NRA) and another government entity, Al Mal reports, citing an unnamed ministry source. The exact size and location of the facility were not disclosed, but the source said it will be set up on NRA-owned land near a port, with an eye to export production output at a later stage.

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