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Egypt Secures $345 Million For Electric Railway Project

The ambitious new project will link Ain Sokhna on the Red Sea to Marsa Matrouh and Alexandria on the Mediterranean.

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egypt secures $345 million for electric railway project
Siemens

Over the past few years, Egypt has been investing in multiple road, river, and rail projects in a bid to reduce its environmental impact. The Islamic Development Bank recently approved $344.5 million of funding to finance Phase I of the Electric Express Train Project. The massive civil engineering construction will benefit 25 million people annually and decrease CO2 emissions by approximately 250,000 tons per year.

According to a press release, Ain Sokhna on the Red Sea, Marsa Matrouh and Alexandria on the Mediterranean will be linked by a 660 km track.

Also Read: A Guide To Digital Payment Methods In The Middle East

“The transformative projects approved in this board meeting will have a significant impact on improving transportation, education, and energy, as well as promoting regional economic integration and addressing emergencies,” says Muhammad Al-Jasser, president and board chairman of IsDB.

The electric train will connect all of Egypt’s governorates and comprise three lines, each with 60 stations and a total of 2,000 km of track. The first line will stop at 22 locations from Ain Sukhna to Hadayek October, Alexandria, El Alamein, and Marsa Matrouh.

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“AI Seal” Certification Now Required For Dubai Gov Partnerships

The new mandatory certification is designed to build trust in AI companies and create a reliable network of providers for government and public collaboration.

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ai seal certification now required for dubai gov partnerships
Dubai Media Office

Dubai has introduced the Dubai AI Seal, a certification designed to establish trust in artificial intelligence (AI) companies and solutions. This initiative, directed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, aims to create a reliable network of AI providers which government entities and businesses can collaborate confidently.

Companies must now obtain the AI Seal to qualify for UAE or Dubai government contracts. The Dubai Centre for Artificial Intelligence (DCAI), which developed the certification, sees it as a competitive edge for companies looking to participate in key national projects. Once certified, businesses will be permitted to showcase the seal across their websites and marketing materials, signaling their credibility and dependability.

The evaluation process will consider six main criteria: the company’s services and operations, the number of employees specializing in AI, ongoing and future projects, as well as existing partnerships with public and private sector entities.

dubai ai seal certification

Khalfan Belhoul, CEO of the Dubai Future Foundation, which oversees the DCAI, commented on the initiative’s potential: “This initiative will help create powerful partnerships between the public and private sectors, locally, regionally, and globally. It will help drive new economic opportunities by leveraging AI to serve better the economy, society, and the future we aspire to”.

Also Read: Top Free AI Chatbots Available In The Middle East

The Dubai AI Seal’s goals include providing a clear framework for verifying AI providers, fostering business opportunities for AI companies, and acknowledging the industry’s strategic importance to Dubai’s economy. The initiative emphasizes AI’s role in driving economic growth, creating jobs, and strengthening collaboration between government bodies and technology firms.

All technology companies operating in Dubai and offering AI-related services or products are eligible to apply for the certification at no cost through the official website.

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