Railway Deal with Hungary Largest in Egypt's History, Says Trade Min.
Kamel El-Wazir, Minister of Industry and Transport said that a deal with Hungary is the largest in the history of the Egyptian Railways, and is one of the fruits of the massive contracts concluded based on the directives of President Abdel Fattah El-Sisi to develop the railway sector.
This came in a speech delivered by the minister during the 5th session of the Egyptian-Hungarian Joint Committee for Economic Cooperation, which witnessed the participation of Péter Szijjártó, Minister of Foreign Affairs and Trade of Hungary, along with a number of officials from both sides.
He noted that Egypt is ready to cooperate with Hungarian companies to establish new factories to help meet the needs of the local market and export abroad, especially given the promising Egyptian market and its diverse manufacturing capabilities.
The Minister praised the existing cooperation between the two sides in the field of railways, particularly in light of the completion of the deal to manufacture and supply 1,350 new passenger railway cars through the Hungarian company Ganzmavaj for the Egyptian National Railways Authority.
"To date, 1,037 cars have been supplied from the deal and have entered service with the Authority. These cars vary in size from (third-class dynamic ventilation, third-class air-conditioned, second-class air-conditioned, and first-class air-conditioned), in addition to second-class and third-class air-conditioned buffet cars," the minister noted.
He added that the deal also contributes to improving the efficiency of daily operations and the regularity of operating schedules. He added that the new trains arriving will be gradually added to the railway's daily operating schedule to maintain the continuity of providing distinguished services to passengers.
He pointed to the possibility of cooperation in the field of new and renewable energy. He also noted the possibility of localizing these industries in Egypt by relying on modern technology and the extensive expertise of Hungarian companies in these industries.
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