Al-Monitor Pro

Egypt’s bid to develop rail sector put to test by dire economic headwinds


Al-Monitor Pro Members


Marc Español 

Journalist covering Egypt and Sudan


July 24, 2023

Bottom Line:

For decades, Egypt has been associated with an old and neglected rail network infamously known for its hundreds of accidents every year. However, local authorities have been trying to overhaul this key infrastructure hand in hand with the private sector, as a recent flow of deals shows. On June 20, Egypt’s parliament gave its final nod to a $400 million loan from the World Bank to help finance a rail line between the port of Alexandria and a dry port near Cairo. In March, the Transport Ministry signed a protocol with Spain’s train manufacturer Talgo to localize the production of rail cars. And just the previous month, French firm NGE was awarded a contract to build the country’s first section of a high-speed rail line. Yet, despite this constant flurry of news, the mission ahead is daunting, especially at a time when Egypt faces serious economic woes and the authorities’ bid to prioritize macro infrastructure projects increasingly comes under political scrutiny.

We're glad you're interested in this memo.

Memos are one of several features available only to PRO Expert members. Become a member to read the full memos and get access to all exclusive PRO content.

Already a Member? Sign in


The Middle East's Best Newsletters

Join over 50,000 readers who access our journalists dedicated newsletters, covering the top political, security, business and tech issues across the region each week.
Delivered straight to your inbox.


What's included:
Our Expertise

Free newsletters available:

  • The Takeaway & Week in Review
  • Middle East Minute (AM)
  • Daily Briefing (PM)
  • Business & Tech Briefing
  • Security Briefing
  • Gulf Briefing
  • Israel Briefing
  • Palestine Briefing
  • Turkey Briefing
  • Iraq Briefing

Premium Membership

Join the Middle East's most notable experts for premium memos, trend reports, live video Q&A, and intimate in-person events, each detailing exclusive insights on business and geopolitical trends shaping the region.

$25.00 / month
billed annually

Become Member Start with 1-week free trial
What's included:
Our Expertise

Memos - premium analytical writing: actionable insights on markets and geopolitics.

Live Video Q&A - Hear from our top journalists and regional experts.

Special Events - Intimate in-person events with business & political VIPs.

Trend Reports - Deep dive analysis on market updates.

We also offer team plans. Please send an email to and we'll onboard your team.

Already a Member? Sign in