Latest news with #NationalEgyptianRailwayIndustriesCompany
Egypt Today
17 hours ago
- Automotive
- Egypt Today
Egypt localizes Metro manufacturing, contracts for 189 cars for Alexandria Metro
CAIRO – 9 June 2025: An agreement was signed in Alexandria Governorate to localize and supply 21 metro train units, comprising 189 cars, for the Alexandria Metro project. The project which is currently in its first phase is expected to be extending 21.7 km from Abu Qir Railway Station to Misr Station in Alexandria. The project comes as part of the Ministry of Transport's comprehensive plan to establish a sustainable, green, and environmentally friendly mass transit network in Alexandria, along with plans to localize several industries, rely on local manufacturing, and reduce the import bill. The Metro project units are scheduled to be manufactured at the National Egyptian Railway Industries Company (NERIC). The metro and all types of trains are among the industries the Egyptian government is working to localize. The Ministry of Transport is cooperating with South Korea's Hyundai Rotem, through a partnership with (NERC), to establish a factory for the production of metro trains. The Ministry has contracted with the National Authority for Tunnels to manufacture and localize the production of 40 metro trains, totaling 320 cars, for the second and third lines of the Greater Cairo Metro. The factory is currently being constructed in East Port Said.
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.
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. (
