On Saturday, Egyptian Transport Minister Kamal Wazir, Chairman of the Board of Directors of Siemens Worldwide, President and CEO Charles Boleren and other consortium partners signed a contract to build Egypt's sixth-largest high-speed rail system in the world. Siemens Transport's share of the total contract is €8.1 billion, including the first line signed on September 1, 2021, which is also the largest order Siemens has ever placed! Egyptian President Abdel Fattah al-Sisi, Egyptian Prime Ministe
On Saturday, Egyptian Transport Minister Kamal Wazir, Chairman of the Board of Directors of Siemens Worldwide, President and CEO Charles Boleren and other consortium partners signed a contract to build Egypt's sixth-largest high-speed rail system in the world. Siemens Transport's share of the total contract is €8.1 billion, including the first line signed on September 1, 2021, which is also the largest order Siemens has ever placed! Egyptian President Abdel Fattah al-Sisi, Egyptian Prime Minister Mustafa Madbouly, and Siemens Transport CEO Michael Peter were present to witness the signing.
"We are extremely honored to have the opportunity to provide Egypt with a modern, safe and affordable transportation system that will transform the daily lives of millions of Egyptians, create thousands of local jobs and reduce CO2 emissions from transportation." This will not only boost Egypt's economic growth, but also help Egypt achieve a leap forward in rail transport. With our latest technologies in rolling stock, signalling and maintenance services, Egypt will have the sixth largest modern high-speed rail network in the world. "
This landmark transport project is of great historic significance for Egypt and Siemens. We are proud to partner with the Ministry of Transport to reimagine the future of transport in Egypt." The 2,000-kilometer high-speed rail network will connect 60 cities and enable about 500 million trips per year. It will connect Egypt like never before and will be able to reduce pollution and ameliorate global warming, while also providing an efficient and reliable method for the movement of goods. Together with our partners, we will develop a complete and advanced rail network from scratch, providing a blueprint for how the region can build an integrated, sustainable and modern transport system. "
