French manufacturer Alstom announces EUR 300M to be invested in Egypt over the next 3 years

French rolling stock manufacturer Alstom plans to invest EUR 300 million in Egypt over the next three years to establish two new factories in Borg El Arab, Alexandria, for electric, metro systems, and monorail rolling stock, according to local media sources.

The Cabinet approved Alstom’s initial plans to establish an industrial complex in Borg El Arab earlier this month, part of a statement to increase foreign direct investment (FDI) through the improvement of the investment climate.

The two factories are said to produce electric and signaling systems and manufacturing parts for metro, highway rails, monorails, and railways. Their strategic location was chosen to facilitate trade in Alexandria.