{"id":562026,"date":"2021-05-04T03:36:15","date_gmt":"2021-05-04T03:36:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/hyundai-rotem-neric-to-manufacture-railcars-in-egypt\/"},"modified":"2021-05-04T03:36:15","modified_gmt":"2021-05-04T03:36:15","slug":"hyundai-rotem-neric-to-manufacture-railcars-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/hyundai-rotem-neric-to-manufacture-railcars-in-egypt\/","title":{"rendered":"Hyundai Rotem, NERIC to manufacture railcars in Egypt"},"content":{"rendered":"

South Korea\u2019s Hyundai Rotem will partner with the National Egyptian Railway<\/strong> Industries Company (NERIC) to produce railcars in Egypt<\/strong> after the two signed an MoU on Wednesday, the Planning Ministry said in a statement<\/a>(pdf)<\/a>. The company will set up plants in Egypt to manufacture railway cars, signaling systems, and control and driving equipment, in addition to providing railway engineering services, CEO Lee Young-Bae said. The agreement will also see the South Korean firm transfer technology to Egypt, and came a day after Lee and President Abdel Fattah El Sisi discussed<\/a> locally producing railcars and signalling equipment, and cooperating over green hydrogen production.<\/p>\n

A six-year plan:<\/strong> The government plans to reach a 25% local component quota for the nation\u2019s railway system over the next two years as part of a six-year plan under President Abdel Fattah El Sisi\u2019s directives. The strategy would see the local component quota at 50% after four years and 75% at the end of the six-year period.<\/p>\n","protected":false},"excerpt":{"rendered":"

South Korea\u2019s Hyundai Rotem will partner with the National Egyptian Railway Industries Company (NERIC) to produce railcars in Egypt after the two signed an MoU on Wednesday, the Planning Ministry said in a statement(pdf). The company will set up plants in Egypt to manufacture railway cars, signaling systems, and control and driving equipment, in addition […]<\/p>\n","protected":false},"author":1,"featured_media":562027,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7261],"tags":[72,418,209,579,207,208],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transport","tag-enterpriseam","tag-hyundai-rotem","tag-kamel-el-wazir","tag-neric","tag-transport","tag-transport-ministry","wpautop","entry"],"acf":{"mongo_id":"1a3b99d8-b931-4dac-a35c-96a82d0d3b0a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/24.jpg","photo_position":"above","related_issue":[562009],"teaser":"","voice_url":""},"yoast_head":"\nHyundai Rotem, NERIC to manufacture railcars in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/hyundai-rotem-neric-to-manufacture-railcars-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyundai Rotem, NERIC to manufacture railcars in Egypt\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s Hyundai Rotem will partner with the National Egyptian Railway Industries Company (NERIC) to produce railcars in Egypt after the two signed an MoU on Wednesday, the Planning Ministry said in a statement(pdf). The company will set up plants in Egypt to manufacture railway cars, signaling systems, and control and driving equipment, in addition […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/hyundai-rotem-neric-to-manufacture-railcars-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-04T03:36:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/24.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/hyundai-rotem-neric-to-manufacture-railcars-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/hyundai-rotem-neric-to-manufacture-railcars-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Hyundai Rotem, NERIC to manufacture railcars in Egypt\",\"datePublished\":\"2021-05-04T03:36:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/hyundai-rotem-neric-to-manufacture-railcars-in-egypt\/\"},\"wordCount\":169,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/hyundai-rotem-neric-to-manufacture-railcars-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/24.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Hyundai Rotem\",\"Kamel El Wazir\",\"NERIC\",\"transport\",\"Transport Ministry\"],\"articleSection\":[\"Transport\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/hyundai-rotem-neric-to-manufacture-railcars-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/hyundai-rotem-neric-to-manufacture-railcars-in-egypt\/\",\"name\":\"Hyundai Rotem, NERIC to manufacture railcars in Egypt - 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Under the agreement, the South Korean railway equipment manufacturer will produce 40 trains comprising 320 carriages for Metro lines 2 and 3 alongside the\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/393.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565919,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/big-plans-for-railway-manufacturing-in-the-sczone\/","url_meta":{"origin":562026,"position":1},"title":"Big plans for railway manufacturing in the SCZone","author":"enterpriseam admin","date":"17 May 2021","format":false,"excerpt":"Four foreign companies have bid to partner on a facility that will produce rail cars in the Suez Canal Economic Zone (SCZone), Al Mal reports, citing sources familiar with the matter. Canada\u2019s Bombardier, Russia\u2019s Transmashholding, Germany\u2019s Siemens, and South Korea\u2019s Hyundai Rotem are all in the running to take part\u2026","rel":"","context":"In "SPEED ROUND: TRANSPORT"","block_context":{"text":"SPEED ROUND: TRANSPORT","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/368.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543842,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/21\/neric-eyes-production-of-electric-locomotives-by-end-of-2022\/","url_meta":{"origin":562026,"position":2},"title":"NERIC eyes production of electric locomotives by end of 2022","author":"enterpriseam admin","date":"21 February 2022","format":false,"excerpt":"NERIC to begin electric locomotive production by year-end: The National Egyptian Railway Industries Company (NERIC) will begin manufacturing electric locomotives at its East Port Said factory by the end of 2022, Samcrete Chief Business Development Officer Refky Kamel said, according to Hapi Journal\u2019s print edition. NERIC is currently still building\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/296.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572944,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/hyundai-delivers-second-batch-of-metro-railcars\/","url_meta":{"origin":562026,"position":3},"title":"Hyundai delivers second batch of metro railcars","author":"enterpriseam admin","date":"14 July 2020","format":false,"excerpt":"The second batch of railcars manufactured by Hyundai Rotem for Metro Line 3 has arrived in the country, according to a cabinet statement. The arrival of the rail cars comes as part of a EGP 6.36 bn agreement with the South Korean company to supply 32 rail cars for the\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651229,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/07\/aoi-affiliated-semaf-railway-factory-in-talks-with-hyundai-rotem-to-manufacture-1314-freighter-units-for-usd-500-mn\/","url_meta":{"origin":562026,"position":4},"title":"AOI-affiliated SEMAF railway factory in talks with Hyundai Rotem to manufacture 1,314 freighter units for USD 500 mn","author":"enterpriseam admin","date":"7 February 2017","format":false,"excerpt":"The Arab Organization (AOI) for Industry-affiliated railways factory SEMAF is in talks with Korea\u2019s Hyundai Rotem to build 1,314 freighter cars, which the AOI will export to Mozambique, Al Borsa reported. 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