Orascom Construction and Thales have signed a contract with the Egyptian National Railway Authority worth EUR340 million (US$365 million) to upgrade the railway line between Cairo and Beni Suef.

The World Bank-funded contract entails the enhancement of the signaling system and tracks spanning approximately 125 km, in addition to the implementation of an electronic interlocking system at the stations. This initiative aims to enhance the railway service's speed, safety, and efficiency. The project will be executed over a five-year period in collaboration between French engineering firm Thales and Egyptian contractor Orascom. Following its completion, both entities will also oversee the maintenance of the railway link for an additional five years.