President Moon Visits Hyundai Rotem Subway Contract Site in Egypt... Promises Support for 'Additional Orders'

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] On the 21st (local time), President Moon Jae-in visited the Cairo Metro Line 3 depot in Egypt, which was contracted by Hyundai Rotem, to encourage local workers and announced plans to support additional orders.

On the same day, President Moon rode on a newly manufactured train by Hyundai Rotem, guided by Kamel Abdel, Egypt's Minister of Transportation, and upon arriving at the depot, received a brief report on Hyundai Rotem's business status and overseas expansion from Lee Yong-bae, President of Hyundai Rotem.

President Moon stated that the Cairo Metro Line 3 project is a successful case of combining our company's excellent railway vehicle technology with close cooperation between the two governments, and he plans to actively work with the Egyptian government on infrastructure cooperation to secure additional orders in the future.

He also evaluated that the Metro Line 3 project can greatly contribute to the development of Egypt's railway industry by transferring Korea's outstanding railway vehicle technology to Egypt, and it will have a positive impact on our companies' entry into the Egyptian railway market.

President Moon met with Korean on-site workers at the Cairo Metro Line 3 depot and encouraged them, expressing deep gratitude for their efforts in promoting national prestige by transferring Korea's excellent railway vehicle technology locally despite difficulties such as COVID-19.

The Metro Line 3 vehicle depot visited by President Moon this time is the delivery site for 256 Cairo Metro Line 3 vehicles contracted by Hyundai Rotem in 2017, and it is also the largest medium and heavy maintenance vehicle depot in the Middle East and Africa where vehicle storage and testing are conducted.

This content was produced with the assistance of AI translation services.