Back to the complete issue
Sunday, 6 September 2020

Egyptian-Chinese consortium wins Ain Sokhna–Alamein high-speed rail contract

Egyptian-Chinese consortium wins Ain Sokhna-Alamein high-speed rail contract: An Egyptian-Chinese consortium has won a tender for the design, finance and operate a high-speed train linking Ain Sokhna and New Alamein, Al Mal reports, citing an unnamed source. The consortium includes Samcrete, Arab Organization for Industrialization, China Civil Engineering Construction Corporation, and China Railway Construction Corporation.

Background: The 534-km line will accommodate both cargo and passenger trains and will pass through the new capital, Sixth of October City and Alexandria, making the line the longest in the Middle East. The USD 9 bn project would be Egypt’s first high-speed train linking the Red Sea to the Mediterranean, with journeys taking just three hours. The Transport Ministry had also considered extending the line by an additional 350 km connecting Ain Sokhna to Hurghada.

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 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; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.