Egypt has signed a $656 million deal with Hyundai Rotem to upgrade Cairo’s Metro and help localise the industry, the Egyptian Ministry of Transportation said on Wednesday.
The South Korean company will manufacture and supply 320 cars and 40 trains for the city’s second and third metro lines in the agreement signed with Egypt’s National Authority for Tunnels.
The deal will help localise Egypt’s rolling stock industry through Hyundai Rotem’s alliance with the National Egyptian Railways Industries Company (Neric), a joint venture between the government and the private sector.
At least 30 per cent of the production will be local, Minister of Transport Kamel El Wazir said following the contract signing ceremony, which took place at the government headquarters in the coastal city of New Alamein.
“The contract represents the first step in realising the dream of Egypt becoming one of the major industrial countries in this field. It aims to transfer advanced technology in this industry and open new horizons to increase national income through exporting to various countries,” he said.
Prime Minister Mostafa Madbouly said it is “an important step in implementing the president’s directives to localise heavy industries in Egypt, according to the latest methods in line with international standards”.
Egypt had signed a memorandum of understanding with Hyundai Rotem, part of the Hyundai Group, in April 2021 to localise the train industry and transfer South Korean technology.
Hyundai Rotem's chief executive Yong-Bae Lee said at the time the company would be opening factories in Egypt to manufacture metro cars, signalling systems and control and driving equipment.
Founded in 1977, Hyundai Rotem manufactures rolling stock, defence products and plant equipment, and has supplied various types of railway vehicles to 38 countries, according to its website.
The company supplied 20 air-conditioned trains for Cairo Metro's line one, six trains for the second line and 22 out of 32 total trains for the third line. A number of trains will be added this year in collaboration with Spanish company SEMAF, the transport ministry said.
The current contract for 320 new air-conditioned trains, which includes eight years’ maintenance, comes within the framework of expanding the fleet to accommodate the increase in transport volumes.
Upon completion, the two metro lines will transport about three million passengers per day.
South Korea’s Minister of Land, Infrastructure and Transport Won Hee-Ryong praised the agreement in a video message, stating that it is a symbol of friendly relations and mutual trust between the two countries.
“I look forward to Hyundai Rotem making significant contributions to creating job opportunities, promoting the localisation process and developing the railway industry in Egypt,” he said.
Separately, the transport ministry said a co-operation protocol between the Egyptian National Railways, Spanish train manufacturer Talgo and Neric had been signed to study the establishment of an Egyptian factory to produce railway passenger cars.
The protocol would include the local manufacturing of 1,000 railway cars using Talgo technology.
Egypt has been working to modernise its Metro and railway system to support economic growth and urban expansion.
Planned megaprojects include a multibillion dollar high-speed railway line connecting the Red Sea and Mediterranean coasts to be built by Siemens Mobility, Orascom Construction and Arab Contractors, and a monorail linking the New Administrative Capital with Greater Cairo.
In November, Egypt signed a €876m ($868.4m) contract with Alstom for 55 nine-car trains for Cairo’s metro line one. The city’s oldest metro line, started in 1987, moves approximately 2.5 million passengers per day.
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Company%20profile
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Stuck in a job without a pay rise? Here's what to do
Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.
“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”
Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.
Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.
“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”
For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.
“However, this can only really have any chance of success if you can identify where you add value to the business (preferably you can put a monetary value on it), or you can point to a sustained contribution above the call of duty or to other achievements you think your employer will value.”
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Bombshell
Director: Jay Roach
Stars: Nicole Kidman, Charlize Theron, Margot Robbie
Four out of five stars
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The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
The specs: 2018 Mazda CX-5
Price, base / as tested: Dh89,000 / Dh130,000
Engine: 2.5-litre four-cylinder
Power: 188hp @ 6,000rpm
Torque: 251Nm @ 4,000rpm
Transmission: Six-speed automatic
Fuel consumption, combined: 7.1L / 100km
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
SPECS
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Where to Find Me by Alba Arikha
Alma Books
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
UAE currency: the story behind the money in your pockets
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
UAE currency: the story behind the money in your pockets
What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
Brief scores:
Toss: Pakhtunkhwa Zalmi, chose to field
Environment Agency: 193-3 (20 ov)
Ikhlaq 76 not out, Khaliya 58, Ahsan 55
Pakhtunkhwa Zalmi: 194-2 (18.3 ov)
Afridi 95 not out, Sajid 55, Rizwan 36 not out
Result: Pakhtunkhwa won by 8 wickets
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
How being social media savvy can improve your well being
Next time when procastinating online remember that you can save thousands on paying for a personal trainer and a gym membership simply by watching YouTube videos and keeping up with the latest health tips and trends.
As social media apps are becoming more and more consumed by health experts and nutritionists who are using it to awareness and encourage patients to engage in physical activity.
Elizabeth Watson, a personal trainer from Stay Fit gym in Abu Dhabi suggests that “individuals can use social media as a means of keeping fit, there are a lot of great exercises you can do and train from experts at home just by watching videos on YouTube”.
Norlyn Torrena, a clinical nutritionist from Burjeel Hospital advises her clients to be more technologically active “most of my clients are so engaged with their phones that I advise them to download applications that offer health related services”.
Torrena said that “most people believe that dieting and keeping fit is boring”.
However, by using social media apps keeping fit means that people are “modern and are kept up to date with the latest heath tips and trends”.
“It can be a guide to a healthy lifestyle and exercise if used in the correct way, so I really encourage my clients to download health applications” said Mrs Torrena.
People can also connect with each other and exchange “tips and notes, it’s extremely healthy and fun”.
T10 Cricket League
Sharjah Cricket Stadium
December 14- 17
6pm, Opening ceremony, followed by:
Bengal Tigers v Kerala Kings
Maratha Arabians v Pakhtoons
Tickets available online at q-tickets.com/t10
Manikarnika: The Queen of Jhansi
Director: Kangana Ranaut, Krish Jagarlamudi
Producer: Zee Studios, Kamal Jain
Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni
Rating: 2.5/5
Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
