Caterpillar reaffirmed its commitment to Egypt’s infrastructure development at the US-Africa Business Forum, where Caterpillar Chaiman and CEO Doug Oberhelman sat down with Egyptian President Abdel Fattah el-Sisi to discuss the future of Egyptian rail, infrastructure and power generation.
“Meeting with President Sisi offered an impressive vision for the future of Egypt,” said Oberhelman. “Infrastructure development is one of his top priorities, and we are uniquely positioned to advance these efforts as Caterpillar has been involved in some of the largest infrastructure projects in Egypt’s history. While we’re proud of our history in Egypt, the country’s incredible opportunity and bright future for investment is where we’re focused today. Egypt is on the move and Caterpillar is committed to being a central part of the exciting developments on the horizon.”
Caterpillar products aided in the expansion of the Suez Canal, and provided standby power for the massive infrastructure project. The company is also responsible for powering the construction of Egypt’s massive Tunnels Projects. Can machines have been constructing new roads as part of Egypt’s National Roads project, as well as actively participating in the construction of the New Capital City outside Cairo.
“EMD, our wholly owned rail subsidiary, has been in Egypt since the early 1950s, and today there are nearly 700 locomotives in operation, designed to run efficiently in Egypt’s unique environment of high heat and sandy terrain,” Oberhelman continued. “In order to continue supporting this critical market, we’re exploring substantial investments in rail centres to serve Egypt and surrounding areas, bringing our rebuild capabilities in country to enhance the existing fleet.”
During last week’s US-Africa Business Forum, Caterpillar and its dealers announced their plan to make a major investment in Africa. As part of that, Mantrac, Caterpillar’s Egyptian dealer, intends to build a branch that will support the construction of Egypt's new administrative and business capital on the outskirts of Cairo.
Read the article online at: https://www.worldcement.com/africa-middle-east/05102016/caterpillar-reaffirms-commitment-to-egyptian-infrastructure/
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