Latest news with #TaarekRefaatKamelEl-Wazir
See - Sada Elbalad
6 days ago
- Business
- See - Sada Elbalad
Egypt's Rapid Transit Bus to Operate in June, Says Minister
Taarek Refaat Kamel El-Wazir, Minister of Industry and Transport announced that in the field of sustainable, environmentally friendly mass transit, the state has implemented the Bus Rapid Transit (BRT) project on the Ring Road, one of the most important traffic arteries in Greater Cairo. The pilot operation, without passengers, was conducted in the first phase, with 14 stations from the Police Academy to the Alexandria Agricultural Road. He revealed that the project is planned to be operational for passengers starting June 1. seven Logistics Corridors. During his participation in the opening of the Egyptian-American Bussiness Forum, the Minister pointed that transportation networks, including the national road network, the high-speed electric train network, and railway lines, contribute to serving industrial regions and complexes across the country. "This is clearly demonstrated in the planning of seven integrated international logistics development corridors: the Sokhna-Alexandria Corridor, the Arish-Taba Corridor, the Cairo-Alexandria Corridor, the Tanta-Mansoura-Damietta Corridor, the Gergoub-Salloum Corridor, the Cairo-Aswan-Abu Simbel Corridor, and the Safaga-Qena-Abu Tartour Corridor," he said. He noted that this contributes to localizing industry by meeting railway, metro, and electric traction requirements, including moving units, sleepers, signaling systems, level crossing equipment, and spare parts, thus saving the state significant costs incurred in importing these items. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
See - Sada Elbalad
11-04-2025
- Business
- See - Sada Elbalad
Railway Deal with Hungary Largest in Egypt's History, Says Trade Min.
Taarek Refaat Kamel El-Wazir, Minister of Industry and Transport said that a deal with Hungary is the largest in the history of the Egyptian Railways, and is one of the fruits of the massive contracts concluded based on the directives of President Abdel Fattah El-Sisi to develop the railway sector. This came in a speech delivered by the minister during the 5th session of the Egyptian-Hungarian Joint Committee for Economic Cooperation, which witnessed the participation of Péter Szijjártó, Minister of Foreign Affairs and Trade of Hungary, along with a number of officials from both sides. He noted that Egypt is ready to cooperate with Hungarian companies to establish new factories to help meet the needs of the local market and export abroad, especially given the promising Egyptian market and its diverse manufacturing capabilities. The Minister praised the existing cooperation between the two sides in the field of railways, particularly in light of the completion of the deal to manufacture and supply 1,350 new passenger railway cars through the Hungarian company Ganzmavaj for the Egyptian National Railways Authority. "To date, 1,037 cars have been supplied from the deal and have entered service with the Authority. These cars vary in size from (third-class dynamic ventilation, third-class air-conditioned, second-class air-conditioned, and first-class air-conditioned), in addition to second-class and third-class air-conditioned buffet cars," the minister noted. He added that the deal also contributes to improving the efficiency of daily operations and the regularity of operating schedules. He added that the new trains arriving will be gradually added to the railway's daily operating schedule to maintain the continuity of providing distinguished services to passengers. He pointed to the possibility of cooperation in the field of new and renewable energy. He also noted the possibility of localizing these industries in Egypt by relying on modern technology and the extensive expertise of Hungarian companies in these industries. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
