The agreement covers a rail system with a network of about 1000 km - the first is a Turnkey Engineering, Procurement and Construction project, which includes a 3 km project worth about $ 460 billion and 15 years of services. Siemens has signed an agreement with Egyptian Railways to provide high-speed and regional trains, locomotives, railway infrastructure, system integration and other services.
The National Tunnels Authority, a government authority under the Egyptian Ministry of Transport, and Siemens Mobilite signed a Memorandum of Understanding (MoU) with local companies Orascom Construction SAE. and Arab Contractors (Osman Ahmed Osman & Co.) - To design, install and commission Egypt's first high-speed rail transportation system. Additionally, Siemens Mobility will provide maintenance services. The agreement covers a rail system with a network of 460 km, the first being a 1000 km high speed line. The order value of this first high-speed line is around $ 3 billion.
High speed train project order from Siemens to Siemens
The MoU was signed by Essam Waly, Head of the Egyptian National Tunnels Authority, and Michael Peter, CEO of Siemens Mobility, at a meeting in Cairo on January 14, 2021. This was witnessed by His Excellency Prime Minister Mostafa Madbouly, His Excellency Egyptian Transport Minister Kamel Al Wazir, Siemens CEO Joe Kaeser and Siemens Deputy CEO Roland Busch.
“We are honored and proud to expand our reliable partnership with Egypt,” said Joe Kaeser, President and Chief Executive Officer. "We will support the Egyptian people with affordable, clean and reliable transportation by establishing a highly efficient rail system for the country." Siemens AG. “After the highly successful Mega Enerji project, we now want to repeat this visionary spirit in the mobility industry with our partners.”
“We are delighted that the Ministry of Transport is trying to rely on us to deliver this important project,” said Michael Peter, CEO of Siemens Mobility. Our digital leadership and comprehensive turnkey services will bring an integrated and state-of-the-art high-speed rail system that will deliver a technology boost for the country and create local jobs. The system will significantly increase the passenger experience and reduce travel time for millions of Egyptians, ”he said.
The first 460 km long high-speed line will connect the highly developing cities of El-Alamein in the Mediterranean to Ain Sokhna on the Red Sea, while also passing through the New Administrative Capital. The line will also work for freight transport, which will further boost economic growth in the region.
Siemens Mobility is the world leader in high-speed rail operations and has been one of the leading companies in the Egyptian mobility market since the 1960s. The company also has extensive experience in delivering high speed train projects in the Middle East and Africa region.
As a leading global railway turnkey project provider with a proven track record of delivering projects on time, Siemens Mobility integrates portfolio elements and offers complete rail systems from a reliable single source. So far, the company has successfully completed nearly 50 turnkey projects all over the world and delivered many ahead of schedule. Recent projects include the extension of the Blue Line metro in Bangkok, completed last year, and the Copenhagen Light Rail Project.