Talgo : and the Arab Organization for Industrialization (AOI) sign a framework agreement to improve rolling stock across all rail segments in Egypt

Talgo, a leading specialized rolling stock engineering company focused on designing, manufacturing and servicing technologically differentiated, fast, lightweight trains and the Arab Organization for Industrialization (AOI), one of the biggest industrial conglomerates in Egypt, earlier this weerk signed a framework agreement for the joint development of Egyptian railways capacity and performance improvement projects. This agreement is independent to the contract for the supply of 6 latest-generation trains, awarded in April by ENR, the national rail operating company of the Mediterranean country.

The agreement was signed in the Spanish train manufacturer headquarters in Madrid by Talgo CEO Jose Maria Oriol Fabra and SEMAF Factory chairman Maj. Gen. (Ret.) Esmail Nagdy. SEMAF Factory is the AOI branch responsible for the manufacturing of railways rolling stock. AOI Chairman advisor Dr. Maha Nassar also attended the ceremony.

Under the terms of the framework agreement, Talgo and SEMAF-AOI will explore all the options available for the joint manufacturing of rolling stock to be used in different operating segments, including long-distance rail services and as part of the ambitious plans underway to reduce travel times and improve the quality of the public transport services across Egypt.

The agreement will deepen the commercial relationship established last April when ENR awarded Talgo what it will be its second train supply project, after the successful commissioning of very high-speed trains for the Haramain railway in Saudi Arabia. With a total contract amount close to 158 current million euros, Talgo will supply ENR six full passenger trains that will provide service on the main route of the country, connecting the cities of Alexandria in the Mediterranean with the capital, Cairo, and the southern city of Aswan.

About Talgo

Talgo is a global company based in Spain, operating in more than 44 countries and a permanent industrial presence in North America, Europe and Asia. It is specialized in the manufacturing of passenger rolling stock and recognized worldwide for its capacity for innovation, unique distinctive technology and reliability. Since 1942, Talgo has evolved to become a multinational player and a systems integrator focused on offering cos t -efficient and tailor-made solutions for train operators all around the world.

About AOI

The Arab Organization for Industrialization was established in 1975 for creating technology-based industries in the Arab World. The AOI Higher Committee is chaired by the President of Egypt. AOI operations include both military and civil activities, fulfilling the requirements of the Armed Forces of Egypt, Arab States and friendly countries. It also supports societal development plans, with emphasis on infrastructure, ecological protection and railway projects.

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Highlights

• 31JulTalgo and the Arab Organization for Industrialization (AOI) sign a framework agreement to improve rolling stock across all rail segments in Egypt
• 24JulTalgo increases its net profit by 40% and obtains 14 million euros in 1H 2019
• 07JunTalgo confirms AVRIL as the basis of its HS2 bid
• 30MayUzbekistan acquires two additional Talgo 250 trains for its high-speed fleet
• 14MayTalgo increases its net profit by 70% and obtains 7.1 million euros in Q1 2019

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