Transport Minister mandates new rail plant

Transport Minister Lieutenant General Engineer Kamel El-Wazir announced a plan to establish a new factory for manufacturing tracks for the high-speed electric train networks, trams, and metro systems. This initiative is part of the Transportation Ministry's efforts to domesticate the transportation industry within Egypt and support major projects. This move aligns with the government's broader strategy to improve infrastructure development and strengthen local capacities. The minister emphasized his support for the Egyptian Company for the Creation and Maintenance of Transport Facilities and Airports with modern equipment to enhance its efficiency. A 3-billion-pound investment plan has been outlined for current projects, along with developing operational systems through the latest technologies. Particular focus is placed on recycling techniques to reduce costs and protect the environment. In 2025, the company achieved revenues of 2.395 billion Egyptian pounds, marking a 72% increase over the previous year, along with net profits of 246 million pounds. Its assets and shareholders' equity also saw growth, reflecting a significant development aimed at supporting the national transportation network and meeting the increasing demand for modern transport solutions.

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