Hyundai Rotem Receives Notice of Award for 739.4 Billion KRW Egypt Electric Train Supply Contract
[Asia Economy Reporter Minji Lee] Hyundai Rotem announced on the 29th that it has received a notification of award from the Egyptian Tunnel Authority for the supply of trains for Cairo Metro Lines 2 and 3, as well as localization projects. The project scale is $656 million (KRW 861.2 billion).
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By consortium share, Hyundai Rotem (86% stake) accounts for $563.2 million, equivalent to KRW 739.4 billion. The company stated, "The contract amount corresponds to 30% of the recent fiscal year's sales," and added, "A single sales supply contract disclosure will be made upon final contract signing."
This content was produced with the assistance of AI translation services.
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