SEMAF enters the bid to supply local components for 300 new train cars

The Arab Organization for Industrialization’s SEMAF factory submitted an offer to the Railways Authority to locally manufacture some of the components needed to produce 300 new train cars for around EGP 3.5 bn, SEMAF Chairman Abdel Rahman Hussein tells Al Borsa. Korea’s Hyundai and France’s Alstom have also submitted offers for the project, Hussein says.