Hungary, Egypt in train manufacture agreement
Hungary’s Ministry of Transportation and the Egyptian Railway Authority have reached an agreement on development and manufacture of train cars to be in service in Egypt by 2020. Representing the sides in a Cairo meeting were Ambassador Péter Kveck and Transportation Minister Ibrahim El-Demairy.
El-Demairy noted that Egypt had previously largely relied on trains manufactured by a Hungarian company, with the particular design locally referred to as “the Hungarian” or “the Hungarian Express.”
The parties agreed to exchange visits to follow up the project and cooperate to increase safety, integrate modern technology, and raise efficiency of the 950-kilometer Egyptian railway network’s efficiency.
According to the Egyptian State Information Service via Daily News Egypt, the two nations “already cooperate in the fields of vehicle production and construction materials including ceramics, textiles, cosmetics and electric cables. Trade balance is in favor of the Hungarian side, with Nokia mobile phones constituting the highest percentage of Egyptian imports from Hungary, while fruit and vegetables constitute one-third of the Egyptian exports.”
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