Egypt Features Headlines

East Cairo Monorail Set for Landmark Launch on 9 November

Egypt will inaugurate the first phase of the East Cairo Monorail on 9 November, marking a transformative step in Greater Cairo’s transport modernization agenda. Announced by Deputy Prime Minister and Minister of Industry and Transport, Kamel El-Wazir, during the second Cairo Forum, the project forms part of a broader national vision to enhance connectivity between […]

Business Emerging Markets Europe Headlines International Morocco

Alstom to build 2nd rail plant in Morocco

French Alstom group will invest over $16 million on a second rail plant in Morocco which is developing its rail industrial ecosystem with its local expertise to meet its mobility and transportation needs. The 2nd plant will make driving cabs for regional and underground railway trains, said Alstom in a press release issued Thursday. In […]

Business Europe Finance Headlines International Morocco

Alstom Invests €10.5 million in Morocco over two years

Alstom is investing €10.5 million in Morocco to build a new production line and develop capability in the country to manufacture on board transformers. It will be the second production line at Alstom’s facility in Fez, which currently produces harnesses and electrical cabinets for rail and take up about 13,000 m2 of the facility and […]

Business Headlines Morocco

Morocco’s ONCF Awards Alstom €130 Mln Contract For 30 Electric Locomotives

French train manufacturer Alstom has won a €130 Mln contract awarded by Moroccan National Railway Operator ONCF for the purchase of 30 electric Prima locomotives. The ONCF had launched in March 2017 an international tender for this project. Alstom pledges to ensure service and maintenance of the 30 Prima M4 locomotives after their delivery. The […]

Europe Headlines International Morocco

Casablanca-Tangier TGV to Start Operating in Summer 2018

Works to complete Morocco’s high speed train (TGV), the first in Africa, have reached a progress rate of 86% and the project is expected to be ready in summer 2018, said the director general of Morocco’s National Railways facility (ONCF) Mohamed Rabie Khlie. Khlie, who was speaking at a meeting on railway security co-held in […]

Features Headlines Morocco

Morocco’s TGV to be Ready in 2018

Morocco’s high-speed rail service, the first in Africa, is expected to be ready in 2018 with the progress of works reaching 85%, local media outlets reported. Operated by the Moroccan National Railways facility (ONCF), the Moroccan TGV will be launched in June 2018 linking at a first phase the cities of Tangier and Kenitra on […]

Business Emerging Markets Features

Bahrain International Investment Park opens its doors

The business park of 2.5-million-sq-m in Hidd at the Gulf Industry Fair, which opened in Bahrain on Feb 4, is a highlight of business opportunities Bahrain International Investment Park (BIIP) offers. A total number of 105 companies exist at the park out of which 30 were approved of last year, and when in full use […]

Headlines Libya

Libya boosts electricity capacity

A deal worth €250 million has concluded between Alstom SA and General Electricity Company of Libya (GECOL) to boost Libya’s energy and power supply capacity. The French based company which focuses on the manufacturing of power equipment and trains will be supplying the Libyan general electricity company with equipments for 11 gas turbines. These new […]