The Bombardier president answered that they are competitors, and that Bombarider and Siemens jointly manufacture an outstanding product, according to Al Shorouk newspaper. The Bombardier president revealed that the meeting with President Abdel Fatah al-Sisi in August 2019 lasted for almost three hours before signing the deal of executing Egypt's first monorail project. In May 2019, Bombardier had announced being selected to establish a €3 billion ($3.36 billion) monorail project in Egypt that will run from Cairo to the eastern and western outskirts. The total value of the design, build and O&M contract exceeds $4.5 billion (EUR 4.1 billion). Bombardier Transportation’s share is $2.85 billion (EUR 2.6 billion) and Orascom Construction’s share is close to $900 million.

Source: Egypt Today September 14, 2020 12:22 UTC