Egypt's Ministry of Transport has recently entered into a memorandum of understanding with a consortium of private sector companies to establish a consulting firm focused on national transport projects.

After a competitive selection process, the ministry has chosen Egis and Systra, both international engineering consulting firms, along with Shaker Consultancy Group, a local player, as partners for this joint venture.

This consortium, consisting of French and Egyptian companies, will provide a range of services in various transport sectors. These services include conducting feasibility studies, transport consulting, project design and supervision, technical support, financial and legal assistance, and procurement support for project financing and delivery.

The consulting firm's scope will encompass all modes of transport, such as railways, subways, sea, and land transportation.

Egypt's Ministry of Transport considers upgrading ports and expanding the railway network as key strategic priorities to enhance international sea trade operations and establish a high-speed electric train network spanning thousands of kilometers.

The primary goal of this joint venture consulting firm is to bring global best practices and expertise to the Egyptian market, ensuring efficient and effective transport planning and project execution. Additionally, it aims to transfer knowledge and capabilities to local staff to gradually reduce reliance on foreign expertise.

The ministry believes that this partnership will not only expand work opportunities in Egypt as a center for the Middle East and Africa but also increase international competition and distribute the initial capital contribution among the involved parties, making project delivery more feasible due to shared resources and budgeting. The specific name of the joint venture consultancy is yet to be disclosed.

Source: Consultancy-me.com