Minister of Trade and Industry Eng. Amr Nassar held a meeting with Mr. Kiril Leba, Chairman of Transmash Holding Group, during which he reviewed the cooperation projects between the company and the Egyptian government and a number of future projects that the company intends to implement in the Egyptian market during the coming period. During Egypt.
The minister said that the meeting dealt with the companys interest in the Egyptian market as one of the most important investment targets in the Middle East and Africa. He pointed out that the company is currently considering plans to establish new projects in Egypt in the fields of joint manufacturing of railway and tram cars, And the flow.
Nassar added that the technical details and the executive steps for supplying the company to 1300 train vehicles to Egypt are currently being finalized. He said that the Egyptian government signed a supply and manufacture contract last year between the Russian-Hungarian alliance led by the Transmash Holding Group of Russia and the Ministries of Transport and Military Production in the Arab Republic of Egypt. Hungarian company to establish a production line in Egypt for the joint manufacture of vehicles with a local component of not less than 40%, in addition to the renovation of the railway workshops in Kom Abu Radi cost of 30 million euros of the total cost of the transaction for the maintenance of these vehicles.
Nassar pointed out that the company is currently negotiating with the company to sign a contract of maintenance for 15 years for vehicles, in addition to the implementation of training programs for workshop staff on maintenance work to maintain the level of vehicles and the sustainability of services provided.
For his part, Kirill Liba, Chairman of Transmach Holding Group, stressed the companys keenness to be present in the Egyptian market with joint manufacturing projects or supply of railway vehicles and maintenance work. He pointed out that the contract with the Egyptian government includes the supply of second class