Latest news with #NERIC
Egypt Today
11-05-2025
- Business
- Egypt Today
Egypt advances railway localization with €275M Alexandria metro train deal
CAIRO – 11 May 2025: Egypt is taking another major step toward localizing its railway industry, as the National Egyptian Railway Industries Company (NERIC) will manufacture 21 new trains, totaling 189 train cars, for the Alexandria Metro. The project comes under a thirty-eight-month contract worth 275 million euros, as announced by the Egyptian cabinet. The contract, signed with the National Authority for Tunnels (NAT), goes beyond just supplying trains. It also includes spare parts, necessary equipment, and a comprehensive ten-year maintenance agreement—featuring regular servicing and one major overhaul—aimed at ensuring long-term operational efficiency. This new agreement builds on Egypt's broader strategy to strengthen its industrial base and become a regional hub for railway manufacturing. It follows a landmark $656 million deal inked in 2022 between NERIC and the Ministry of Transport, under which 40 trains are being produced for lines 2 and 3 of the Cairo Metro in collaboration with South Korea's Hyundai Rotem, a leading global manufacturer of railway systems. Looking ahead, the government revealed that NERIC is in advanced talks with the Transport Ministry and a prominent global transport company to locally manufacture an additional 500 train wagons. Specific details about the deal have not yet been made public.
See - Sada Elbalad
10-05-2025
- Business
- See - Sada Elbalad
Egypt's PM Inaugurates Infrastructure Projects at Port Said
H-Tayea Prime Minister Mostafa Madbouli inaugurated several development projects today at West Port Said Port, including the opening of the New Horizon factory and a number of newly constructed grain silos. As part of his broader visit to the East Port Said Integrated Zone, the Prime Minister also inspected the Egyptian National Company for Railroad Industries (NERIC) factory. He was received by board members Eng. Karim Sami Saad and Dr. Ahmed Fikry Abdel Wahab. Prime Minister Madbouly emphasized the strategic importance of this promising project, which plays a vital role in localizing one of the most crucial sectors in transportation. He noted that the development of the railway industry aligns with Egypt's broader goals of achieving comprehensive development by enabling effective connectivity across regions through sustainable and modern transportation systems that facilitate the movement of people and goods. During the tour, NERIC's Managing Director, Eng. Ahmed El-Mofti, delivered a detailed presentation on the project's progress, highlighting various stages of production inside the facility. He also outlined the company's strategy for localizing railway manufacturing in Egypt, which is central to reducing import reliance and building industrial self-sufficiency in this critical field. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
CairoScene
18-04-2025
- Business
- CairoScene
Egypt Signs EGP 15 Billion Agreement to Build Alexandria Metro Trains
The deal also includes locally producing 40 trains for Cairo Metro Lines 2 and 3. Apr 18, 2025 The Ministry of Transportation has signed a new agreement with the National Egyptian Railway Industries Company (NERIC) to locally manufacture 21 trains for the Alexandria Metro. The contract, valued at up to EGP 15 billion, reflects the government's ongoing efforts to enhance public transport infrastructure while expanding domestic industrial capacity. The deal will be financed by the National Authority for Tunnels (NAT), with payments issued in installments according to a predetermined financial schedule. NERIC, a joint venture established to support Egypt's localisation strategy for railway manufacturing, will lead production efforts at its facility in East Port Said. In addition to the Alexandria Metro trains, the Ministry also confirmed plans to produce 40 trains—equivalent to 320 carriages—for Cairo Metro Lines 2 and 3. This component of the agreement supports Egypt's wider strategy to modernise its metro system and reduce dependence on imported railcars.
Daily News Egypt
17-04-2025
- Business
- Daily News Egypt
Egypt, Saudi Arabia deepen transport cooperation, explore infrastructure projects
Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Saudi Minister of Transport and Logistic Services, Saleh Al-Jasser, during an official visit to the Kingdom, to advance cooperation in transportation and logistics sectors. During the meeting, both ministers reaffirmed the strength of Egyptian-Saudi relations and discussed strategic partnerships in transport, energy, and technology, aligned with Egypt's Vision 2030 and Saudi Arabia's Vision 2030. Al-Wazir outlined Egypt's ongoing efforts to localize the transport industry, noting significant progress in metro train manufacturing through the SEMAF factory and the National Egyptian Railway Industries Company (NERIC). These efforts include major metro projects currently underway in Cairo and Alexandria. The NERIC facility is capable of manufacturing railway carriages, while SEMAF has assembled metro components imported from South Korea and has produced several high-quality metro trains. In a further push to boost local industrial capacity, Al-Wazir highlighted the construction of a major Alstom industrial complex in Borg El Arab, Alexandria. Spanning 40 feddans, the complex will produce rolling stock and key railway infrastructure components, including signaling systems, control panels, wiring harnesses, and other electrical parts. The first factory, to be built on 13 feddans, will focus on producing electrical systems and railway components, while the second will manufacture a variety of rolling stock—including light rail transit (LRT), monorails, and high-speed trains. Al-Wazir emphasized that Egypt's growing industrial capabilities can effectively serve the Saudi and wider Arab markets. He noted that the country is placing particular importance on industrial integration in transport-related industries. The ministers also explored opportunities for collaboration in new and renewable energy sectors, including solar and wind power, as well as water desalination and treatment industries. Discussions covered the potential for manufacturing components for these sectors and promoting regional industrial synergy. Enhancing connectivity between Egyptian and Saudi seaports was another key topic, along with boosting maritime transport cooperation. The two sides also reviewed efforts to strengthen land transport links to facilitate the movement of passengers and goods, building on the work of joint technical committees. A significant portion of the talks focused on the participation of Egyptian companies in Saudi infrastructure projects. Al-Wazir confirmed that Egypt's leading firms, especially those specialized in infrastructure, bridges, and tunnels, are fully prepared to contribute to major development projects in the Kingdom. He highlighted these companies' extensive experience in executing mega projects to international standards across Egypt and in countries such as Iraq, Libya, and Tanzania. Al-Wazir pointed to Egypt's national expertise in executing landmark projects, such as the Suez Canal tunnels and the Cairo Metro Line 4, which extends from 6th of October City through the Grand Egyptian Museum and Al-Haram Street to Giza and El-Malek El-Saleh, with future extensions planned to Rehab and the New Administrative Capital. He also noted the ongoing implementation of the Monorail (East and West Nile lines) and the LRT project. The first and second phases of the LRT—from Adly Mansour Central Interchange Station to the Arts and Culture Station in the New Administrative Capital—have been completed, with the third and fourth phases currently under development. Saudi Minister Saleh Al-Jasser welcomed Minister Al-Wazir's visit and expressed Saudi Arabia's eagerness to deepen cooperation in transport and infrastructure. He commended Egypt's achievements and highlighted mutual opportunities in maritime industries, road and bridge construction, and renewable energy fields, including wind and green hydrogen.
Zawya
14-04-2025
- Business
- Zawya
Egypt awards EGP $294mln contract to NERIC for 21 Alexandria Metro trains
Arab Finance: Egypt has awarded a contract worth up to EGP 15 billion to the National Egyptian Railway Industries Company (NERIC) for the manufacture of 21 trains for the Alexandria Metro, Asharq Business reported, citing unnamed sources familiar with the matter. The National Authority for Tunnels (NAT) will finance the project, with payments being made in installments according to an agreed-upon schedule. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
