Prime Minister Mostafa Madbouly inspected the first locally manufactured amphibious bus, which will boost the tourism sector

Egyptian Minister of Planning and Economic Development, and International Cooperation Rania Al-Mashat signed a €1.4 million grant agreement with Spain's Economic and Commercial Advisor in Egypt, Eduardo Soriano, to fund an initial feasibility study for extending the Cairo Metro’s first line from New El-Marg to Shubra El-Kheima.

Egypt is set to launch an international tender in mid-2025 for the construction of its sixth metro line, a project estimated to cost around $3 billion.

The National Authority for Tunnels (NAT) has signed a contract with a consortium led by France’s Colas Rail and comprised Orascom Construction Plc and Hitachi to modernize the systems of the Cairo Metro’s first line.

The Japan International Cooperation Agency (JICA) will soon provide a $300 million tranche of its $733 million agreed-upon loan to finance Phase 1 of Cairo Metro Line 4.

The Arab Bank has inked an EGP 4.2 billion agreement with Orascom Construction PLC to finance the fourth phase of Greater Cairo Metro.

The Ministry of Transport has raised the price of Cairo Metro tickets as of January 1st.

France’s Alstom is expected to sign the final agreement with the Egyptian Ministry of Transport to design and maintain the Metro Line 6 by the first quarter (Q1) of 2024.

The Egyptian National Authority for Tunnels (NAT) is seeking to secure an EGP 17 billion loan from a consortium of local banks to finance the construction of Cairo Metro Line 4.

The General Authority for Suez Canal Economic Zone (SCZONE) has signed a contract with the South Korean Hyundai Rotem to supply and localize 40 trains and 320 railcars for Cairo Metro lines 1 and 2.

The Egyptian President Abdel Fattah El-Sisi has issued a resolution approving increasing the technical assessment grant funded by the European Bank for Reconstruction and Development (EBRD) and directed toward Cairo Metro line 1 by €351,000.

The Egyptian cabinet has approved a $733 million loan from the Japanese International Corporation Agency (JICA) to finance the first phase of Cairo Metro Line 4.

Egyptian parliament has approved two grant agreements signed with the European Bank for Reconstruction and Development (EBRD) to rehabilitate the first and the second lines of Cairo Metro.

Egyptian Ministry of International Cooperation has signed a $460 million development financing agreement with the Embassy of South Korea for supplying 40 train units (320 railcars) to the Cairo Metro’s Line 2 and Line 3.