The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility have signed a Memorandum of Understanding together with the local companies Orascom Construction SAE and The Arab Contractors Osman Ahmed Osman & Co to design, install and commission Egypt’s first ever high-speed rail transportation system. Additionally, Siemens Mobility will be providing maintenance services. The agreement comprises a rail system with a network of 1000km, with the first being a 460km high-speed line. The order value of this initial high-speed line is around USD 3 billion.The first 460 km long high-speed line will connect the vastly developing cities of El-Alamein on the Mediterranean Sea to Ain Sokhna on the Red Sea, while also passing through the New Administrative Capital. The line will also be operable for freight transport purposes which will further foster economic growth in the region.