AOI-affiliated SEMAF railway factory in talks with Hyundai Rotem to manufacture 1,314 freighter units for USD 500 mn

The Arab Organization (AOI) for Industry-affiliated railways factory SEMAF is in talks with Korea’s Hyundai Rotem to build 1,314 freighter cars, which the AOI will export to Mozambique, Al Borsa reported. The estimated value of the agreement is USD 500 mn and about 60-80% of the needed inputs will be sourced locally, factory Chairman Abdul-Rahman Hussein said.