Hyundai Rotem wins Order in Egypt

Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Wednesday it has received a 150.8 billion-won ($135 million) order to build subway cars for Egypt.

In the deal signed with Egypt’s National Authority for Tunnels, Hyundai Rotem will deliver 48 subway cars by 2021 and provide maintenance and repair services for them through 2031, the company said in a statement.

Hyundai Rotem is an affiliate of Hyundai Motor Group, the world’s fifth automotive conglomerate in terms of car sales. (Yonhap)

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