Egypt signs $2.2bn of transport, ports deals
Minister signs agreements with DP World, China's Avic and Trenitalia for infrastructure improvements
Egypt has signed several agreements with international firms covering ports and transport projects worth a combined $2.2bn.
These include a pair of deals with China's AVIC International Holding Co worth $500m which will see the company build trains in Egypt, and an MoU to build a railway line with electric trains running from Alexandria to Abu Qir with Italian firm Trenitalia.
A goods railway line worth $490m is also due to be built between the Red Sea port of Ain Sokhna and Helwan City to the south of Cairo.
The UAE's DP World has also signed a $450m contract to develop a liquid bulk storage terminal at Ain Sokhna.
A further $250m contract was signed for a new, multipurpose terminal to be developed in the Port of Alexandria.
The deals were signed at the Egypt: The Future economic development conference which took place in Sharm El Sheikh on 13-15 March.