Transport Minister Kamel el Wazir and Planning Minister Hala el Saaed signed a memorandum of understanding to localize the industry of metro and electric train cars in
The deal was signed by the
In a statement on Thursday, the transport minister said that the signing of the deal falls within the political leadership's directives on the localization of railway industry, particularly the industry of multiple-unit trains, within the coming six years.
Under the deal,
Wazir described the deal as a "quantum leap" in the field of locally manufacturing railcars in
In the same context, the transport minister said that
For her part, the planning minister said that the signing of this MoU is a serious step to locally manufacture railcars and part of
She further noted that the government's launch of the National Structural Reform Program (NSRP) aims at localizing industry and creating a conducive climate for the private sector.
For his part, the South Korean ambassador underlined the depth of relations between
He added that the South Korean side will do utmost effort to strengthen this cooperation.
CEO of Hyunda Rotem Yong-Bae Lee expressed his happiness at meeting President
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