• Latest
  • Trending
UK Export Finance Backs $2.3bn Monorail Projects in Egypt 

UK Export Finance Backs $2.3bn Monorail Projects in Egypt 

January 20, 2021
Boeing Cites Fire Risks in Design of Newest Airbus Jet

Boeing Cites Fire Risks in Design of Newest Airbus Jet

March 3, 2021
Japan Billionaire Seeks Artists for Voyage Around the Moon

Japan Billionaire Seeks Artists for Voyage Around the Moon

March 3, 2021
Rice-cultivating Borno Town Retaken from Boko Haram, Nigeria’s Military Says

Rice-cultivating Borno Town Retaken from Boko Haram, Nigeria’s Military Says

March 3, 2021
Don’t Go to Sleep, WHO Advises Nigeria on Polio Eradication

Borno Terrorist Attack Threatens Food Supplies to 100,000 IDPs, Says UN

March 3, 2021
Kidnappers Threatened to Kill Us, Freed Zamfara Schoolgirls Narrate Ordeal in Captivity

Kidnappers Threatened to Kill Us, Freed Zamfara Schoolgirls Narrate Ordeal in Captivity

March 3, 2021
Biden Raises Election Meddling With Putin in First Phone Call

Biden Says Enough Covid-19 Vaccines for Every US Adult By May

March 3, 2021
Name Schoolgirls’ Abductors, Nigerian Socio-cultural Groups Tell Zamfara Governor

Bandits Were Offered Money Not to Release Schoolgirls, Zamfara Governor Matawalle Alleges

March 3, 2021
Biden Raises Election Meddling With Putin in First Phone Call

Biden Calls on States to Prioritize Vaccinations for Teachers

March 3, 2021

Nigeria Needs to Boost Food Reserves, Says Central Bank Governor Emefiele

March 3, 2021
Texas Ends Mask Rule, Businesses to Open Fully as Other US States Drop Covid Measures

Texas Ends Mask Rule, Businesses to Open Fully as Other US States Drop Covid Measures

March 3, 2021
Certain Nigerians Making Capital out of Kidnapping, National Security Adviser Munguno Says

Certain Nigerians Making Capital out of Kidnapping, National Security Adviser Munguno Says

March 3, 2021
India Promises Nigeria 100,000 Doses of Covid Vaccines

India Promises Nigeria 100,000 Doses of Covid Vaccines

March 3, 2021
ARISE XCHANGE

ARISE XCHANGE

March 2, 2021

ARISE NEWSDAY

March 2, 2021
Can Nigeria Sell Crude Oil in Naira to the Dangote Refinery?

Can Nigeria Sell Crude Oil in Naira to the Dangote Refinery?

March 2, 2021
Global Business Report

Global Business Report

March 2, 2021
Bill to Amend Nigeria’s Revenue Sharing Formula Passes Second Reading at Senate, 20% Proposed for Sovereign Fund

Nigerian Senate Affirms New Service Chiefs’ Appointment

March 2, 2021
Nigerian-born Professor Akande Gets UK Nomination as Representative to UN Commission

Nigerian-born Professor Akande Gets UK Nomination as Representative to UN Commission

March 2, 2021

Morning Show

March 2, 2021
Buhari Orders Nigeria’s Central Bank to Stop Issuing Forex for Food Importation

Ransom Payments Will Continue to Prosper Kidnapping, President Buhari Says After Release of Zamfara Schoolgirls

March 2, 2021
Three South Sudan Military Generals Die of Covid-19

Three South Sudan Military Generals Die of Covid-19

March 2, 2021

BREAKING: Nigeria Takes Delivery of 3.92m Doses of AstraZeneca Vaccines

March 2, 2021
Nigeria: DSS Releases Kano Governor’s Aide Dismissed for Criticising Buhari

Nigeria: DSS Releases Kano Governor’s Aide Dismissed for Criticising Buhari

March 2, 2021
‘Indecently Dressed Tourists’ in Zanzibar to Pay Fine

‘Indecently Dressed Tourists’ in Zanzibar to Pay Fine

March 2, 2021
Niger Opposition Leader Charged With Plot to Overthrow Government

Niger Opposition Leader Charged With Plot to Overthrow Government

March 2, 2021
Chad Opposition Leader Pulls Out of Presidential Race

Chad Opposition Leader Pulls Out of Presidential Race

March 2, 2021
Behind the Numbers: MTN Nigeria’s Record-breaking N1.3tn Revenue Year

Behind the Numbers: MTN Nigeria’s Record-breaking N1.3tn Revenue Year

March 2, 2021
Oil Prices Fall on Renewed Coronavirus Concerns as China Cases Mount

Oil Price Rebounds to $66 Ahead of OPEC Meeting

March 2, 2021
Ex-President Bartomeu, Others Arrested as Police Raid FC Barcelona

Ex-President Bartomeu, Others Arrested as Police Raid FC Barcelona

March 2, 2021
Chinese Vaccines Sweep Much of the World, Despite Western Concerns

Chinese Vaccines Sweep Much of the World, Despite Western Concerns

March 2, 2021
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
No Result
View All Result
Wednesday, March 3, 2021
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
No Result
View All Result
Arise News
No Result
View All Result
Home Business

UK Export Finance Backs $2.3bn Monorail Projects in Egypt 

January 20, 2021
Reading Time: 2min
0 0
0
UK Export Finance Backs $2.3bn Monorail Projects in Egypt 
Share on FacebookShare on Twitter

A consortium led by Bombardier Transportation has confirmed a deal with the Egyptian Government to build two new monorails thanks to a £1.7bn (about $2.3bn) backing from UK Export Finance (UKEF), the largest amount of financing it has ever provided for an overseas infrastructure project.

UK International Trade Secretary Liz Truss on Wednesday announced the government guarantee, which will support highly skilled jobs in Derbyshire as the UK builds back better in the aftermath of coronavirus.

Bombardier’s consortium was named preferred bidder for the project at the 2020 UK-Africa Investment Summit and, with UKEF’s guarantee, secured the financing needed to fulfil the contract and start production. Bombardier can now invest in its manufacturing centre in Derby where the trains for the Egyptian monorails will be designed and built.

This will be the UK’s only monorail car production line and will directly support 100 UK jobs at the company and many more in its UK supply chain.

This news comes as the UK hosts the Africa Investment Conference on Wednesday, its first major international investment conference as an independent trading nation.

 The UK-Africa trade relationship was valued at £35 billion in 2019, with around £54 billion of bilateral investment stock on top of that.

The UK is by far the biggest foreign direct investor in Egypt and continues to aspire to be its trade and investment partner of choice, and UKEF will play a key role in this shared vision for growth.

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Arise News - Part of the Arise Media Group.

No Result
View All Result
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates

© 2020 Arise News - Part of the Arise Media Group.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist