We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) served as legal counsel to Salcef Group S.p.A. (“Salcef”) –a prominent Italian construction and engineering company that specializes in the construction and maintenance of railway and metro infrastructures which has been operating in Egypt since 2011 – in connection with the signing of its 25-year long joint venture agreement (“JVA”) with the Egyptian National Railways Authority (“ENR”) and the Transport Logistics Company (“TLC”). The project will focus on the construction, renovation, and maintenance of railway lines through their new joint venture company, (“Salcef Track”) with Salcef playing a leading role in its execution and implementation.

Salcef Track will begin by renovating 300 km of railway and 200 switches, with a minimum annual target of 100 km and 70 switches. By the end of the 25-year term, the company is expected to have renovated 2,500 km of track and 1,750 switches. Additionally, Salcef Track will be equipped with the latest global machinery to support the construction of new lines by the ENR and other sectors of the Ministry of Transport, extending its reach to railway projects in Africa and the Middle East.

The MBH team advising on the matter was led by Hazem El Guindi (Partner) and included Shaimaa El-Fahmy (Senior Associate), and Youssef Shaaban (Associate)