The German company, Siemens will be implementing both the second and third lines of Egypt's first high-speed train, with lengths of 925 km and 297 km, respectively.
During his meeting with CEO of Siemens Middle East Dietmar Siersdorfer, he pointed out to Egypt’s importance as a regional energy hub in the Eastern Mediterranean, underscoring the need to take advantage of its distinguished geographical location, especially during the current energy transition period.
In that context, the ministry revealed that the technical works contracts of the second and third lines will be signed with Siemens soon.
Transport Minister Lieutenant-General Kamel Al-Wazir said that after marathon negotiations that lasted for several months with Chief Executive Officer of Siemens AG, Roland Busch, an agreement was reached between the two sides.
The German Company Siemens for Renewable Energy has announced the beginning of the operation of the wind farm in West Bakr area in Ras Ghareb in the Gulf of Suez with a capacity of 250 megawatts.
Rabie was updated on the latest technological innovations of Siemens International in the areas of development, digitization, and building smart cities.
It was signed by Mohamed Mohamed Salah El-Din, Vice Chairman and Managing Director of the National Authority for Military Production, Mostafa El Bagoury, CEO of Siemens Egypt, and Wael Omar, Senior Vice President of Digital Industries at Siemens.
During the meeting, the premier expressed pleasure over reaching an agreement on all the technical details of a high-speed train project, which will be carried out in Egypt.
Shaker hailed the level of cooperation with the German company in implementing a number of projects and programs in the electricity sector.
This came in the presence of Egypt’s Prime Minister Mostafa Madbouly, and Mohamed Shaker, Minister of Electricity and Renewable Energy.
The consortium includes (German Siemens, Orascom Construction, and Arab Contractors). The project is about 660 km long, and the contract includes maintenance operations for a period of 15 years.
This came during a virtual panel organized by Siemens Middle East, titled “Technology with Purpose for the Middle East”.
Egypt’s new express train network is seen as a pillar that will change the transport map in the country.
Minister of Transport Kamel el Wazir inspected Saturday the construction of the electric train, linking Cairo’s Helwan district and the Red Sea’s city of Ain el Sokhna, passing through the New Administrative Capital.
In two years, Egypt will have an express electric train connecting new urban communities and the Red Sea to the Mediterranean for the first time at a L.E. 360 billion cost. Such a high figure has drawn an expected controversy.
The agreement encompasses a rail system with a network of 1000km. The first high-speed line will stretch across 460km and has an order value of around $3 billion.
German Siemens’s CEO Joe Kaeser said the new high-speed electric train project that the company will implement in Egypt will help provide 15,000 job opportunities in the field of construction in its first phase.
The signing ceremony was witnessed by Prime Minister Mostafa Madbouli, and attended by Minister of Transport Kamel Al-Wazir, CEO of Siemens Joe Kaiser, and Executive Vice President of the company, Roland Bush.
The signature came within the framework of implementing the country's strategy that aims to expand the fields of clean green energy and increase the contribution of renewable energy in the electric energy mix.
The 534-km line will accommodate both cargo and passenger trains and will pass through the new capital, 6th of October City and Alexandria, making the line the longest in the Middle East.