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Monday, 30 May 2022

Last Night’s Talk Shows: ADQ industrial investment + high-speed rail lead the conversation on the airwaves

Leading the airwaves yesterday: A new industrial partnership between Egypt, UAE and Jordan that would see Abu Dhabi Wealth Fund (ADQ) investing around USD 10 bn in projects in the three countries led the conversation in talk shows, with a focus from Al Hayah Al Youm (watch, runtime: 5:24) and Ala Mas’ouleety (watch, runtime: 5:16). Trade and Industry Minister Nevine Gamea — who accompanied the Egyptian delegation to Abu Dhabi — phoned in to Ala Mas’ouleety to discuss the agreement and what it means for Egypt (watch, runtime: 17:11).

The high-speed rail got coverage for the second night running: Transport Minister Kamel El Wazir joined El Hekaya’s Amr Adib to discuss the timeline for Egypt’s 2k-km high-speed rail system and its significance for the country (watch, runtime: 4:37). This comes after Siemens, Orascom Construction and Arab Contractors on Saturday signed the contract for the second and third lines of the network, which will connect Cairo to Abu Simbel and Luxor to Hurghada.

We have a timeline for the first phase: Construction and testing on the first line of the project, which runs 660 km between Ain Sokhna and Marsa Matrouh, will be finished during the second half of 2024, El Wazir told Adib (watch, runtime: 1:35). Work began in May last year, he said, expecting Siemens to begin working and supplying tracks and systems by the beginning of August.

And some details on the second: Work on the second and third lines will begin in the next three to four months, OC CEO Osama Bishai told Bloomberg Asharq in an interview (watch, runtime: 8:09). The lines — running roughly 1.3k km across the country — will be finished within four years, he said.

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