i hope all of them are real projects, best wishes for my egyptian brothers.
Egyptian National and Strategic Development Projects: News and Updates
- Thread starter The SC
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The SC
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Egypt will no longer import trains, metros or monorails, and will depend on local manufacturing
Today, the Ministry of Transport raised the slogan of self-sufficiency for trains, the metro and the monorail, after the Minister of Transport announced that no new contracts would be concluded to purchase metro or monorail trains from outside Egypt.
After the ministry was able to attract international companies to establish train factories in Egypt, headed by the Korean Hyundai Rotem and the Spanish Talgo, the development of the Semaf factory, and work to establish a huge industrial zone for the manufacture of electric trains at the Suez Canal axis with the German Siemens.
And this was shortly after the ministry announced that it would stop buying electric public transport buses from abroad and rely entirely on Egyptian factories such as Kastar, MCV, GB Polo, El Geyoushi and others.
The factory is under construction in the Electric Trains Industry City "Nirk" in the Suez Canal Economic Zone on an area of 300,000 square meters.
The factory is the first Korean Hyundai Rotem factory in Africa. It will manufacture and supply 40 metro trains with a total of 320 wagons for the second and third lines of the Cairo metro, with a local component of up to 30%..Plan to open and operate the factory before the end of 2023.
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The Minister of Transport signed a cooperation protocol with the international Spanish company "Talgo" to establish its first factories in Africa with investments of 500 million euros.
The new factory will be implemented in "Kom Abu Radi" in the city of Beni Suef on an area of 84 thousand square meters and will have a production capacity of 100 trains with advanced technology and will depend on local components at a rate of 45%.
The ministry stipulated that manufacturing and production be in the hands of Egyptian engineers and workers, and that the role of Spanish experts would suffice to supervise.
Some of the capabilities and other parts to Egypt that you can work with. Note that these are miniature models, not the original size of the products..
The SC
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The Suez Canal achieves the highest monthly revenues in its history during March, at $832.2 million (graph).. With a growth of 38.5% compared to March 2022
Al-Sisi doubled Egypt's GDP 2 times to 500 billion dollars.
Al-Sisi built the best infrastructure, the largest network of roads and axes, the best electricity surplus.
For the housing he built 10 new cities that generate billions of dollars for the state from the investors.
Giant fish farms put Egypt in the sixth place in fish farming.
Export grew to 54 billion dollars from 20 billion dollars during his reign, and import is constant at 80 billion dollars,
Despite the population increase. He built thousands of factories and created a home for local industries. Many are building and adding now
The largest agricultural development projects in the history of Egypt; 4 million acres, equivalent to 50% of Egypt's agricultural area over the course of 7000 years.
The work of health insurance includes more governorates every year, doubling the allocations for food and pensions, solidarity and dignity, and treating millions of people infected with virus C for free, and ending the waiting lists In hospitals,
As for the story of debts, there is no country that rises without debts. What is important is the debt percentage of the GDP, not a single number. Yes, the debt number has multiplied 3 times, but the important thing is its percentage and its rate is 35% of the GDP, which is a very reassuring number and within reasonable limits and less than Turkey itself. All these achievements In only 8 years
Egypt was moving at the speed of a rocket, with a growth rate of 6.5%, and it was on the right track..
The emerging market crisis occurred in 2019, then Covid-19 in 2020-2021, then the Russian-Ukrainian war and its effects from the massive inflation, the rise in US interest rates, and the flight of more than 30 billion dollars from Egypt in hot money, which caused the crisis. No country can bear such successive shocks,. Even Europe itself suffers..
This is just an momentary crisis, and Egypt will return to growth after that, and even stronger..
Al-Sisi doubled Egypt's GDP 2 times to 500 billion dollars.
Al-Sisi built the best infrastructure, the largest network of roads and axes, the best electricity surplus.
For the housing he built 10 new cities that generate billions of dollars for the state from the investors.
Giant fish farms put Egypt in the sixth place in fish farming.
Export grew to 54 billion dollars from 20 billion dollars during his reign, and import is constant at 80 billion dollars,
Despite the population increase. He built thousands of factories and created a home for local industries. Many are building and adding now
The largest agricultural development projects in the history of Egypt; 4 million acres, equivalent to 50% of Egypt's agricultural area over the course of 7000 years.
The work of health insurance includes more governorates every year, doubling the allocations for food and pensions, solidarity and dignity, and treating millions of people infected with virus C for free, and ending the waiting lists In hospitals,
As for the story of debts, there is no country that rises without debts. What is important is the debt percentage of the GDP, not a single number. Yes, the debt number has multiplied 3 times, but the important thing is its percentage and its rate is 35% of the GDP, which is a very reassuring number and within reasonable limits and less than Turkey itself. All these achievements In only 8 years
Egypt was moving at the speed of a rocket, with a growth rate of 6.5%, and it was on the right track..
The emerging market crisis occurred in 2019, then Covid-19 in 2020-2021, then the Russian-Ukrainian war and its effects from the massive inflation, the rise in US interest rates, and the flight of more than 30 billion dollars from Egypt in hot money, which caused the crisis. No country can bear such successive shocks,. Even Europe itself suffers..
This is just an momentary crisis, and Egypt will return to growth after that, and even stronger..
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