Kamel al Wazir
Minister Al Wazir underscored the need to produce high-quality, competitively priced goods tailored to local market needs and export opportunities
This agreement aims to enhance specialized steel industries, galvanization processes, and the production of telecommunications towers, while supporting participation in government and public sector tenders within the Saudi market. The partnership also opens the door for future cooperation in a wide range of industrial products.
The targeted industries, critical to Egypt’s economic growth, rely on locally available raw materials and are integral to the country’s import substitution strategy.
Both countries also emphasized the role of ASEAN and COMESA trade agreements in benefiting their economies.
The factory, set on a 120,000-square-meter site, will begin production by late 2025, targeting both local market needs and exports to the Middle East and Africa.
Al Wazir emphasized the platform's role in simplifying interactions with investors, stating that it is designed to facilitate investment by reducing bureaucratic hurdles.
The zone will serve as a central hub for the collection and unloading of goods to and from the high-speed train, effectively linking the Red Sea and Mediterranean Sea ports
The primary objective of this agreement is to introduce new and improved services, enhance accessibility for cruise operators, and expand the range of itineraries available
The financing package includes $125 million from the EBRD, $120 million from the IFC, $100 million from the AIIB, $60 million from the DEG, and $50 million from Proparco
Gargoub Port Company will have the responsibility of equipping, managing, operating, and maintaining the Gargoub seaport, including its docks and infrastructure
The development of the railway signal systems will minimize the duration between trains, and boosting the capacity of the network by increasing the number of trips per day.
The PM emphasized the importance of maximizing transit trade in Egypt, capitalizing on the nation's current ports and strategic positioning
The first line will extend for a length of 660 km, between Ain Sokhna, passing through El-Alamein city, and then Marsa Matrouh.
Kamel El Wazir, the Egyptian Minister of Transport, met with Jassim bin Saif Al-Sulaiti, the Qatari Minister of Transport, to discuss cooperation across the transport sector.
Worth LE 360 billion, the electric rail line should extend over 1,750 kilometers, Wazir said.
The Minister of Transport emphasized the depth of relations between Egypt and France.
Sisi has nominated Maj. Gen. Kamel el Wazir, the chairman of the Armed Forces Engineering Authority, to take up the transport portfolio.
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