Neric
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Egyptian Railway Industries Company (NERIC) is a private joint-venture company formed by a group of Egyptian companies in partnership with Governmental entities.[1][2]
Contributors[edit]
The percentages of shareholders in the company are distributed as follows:
- East Port Said Development (16%).
- Hassan Allam Holding (15%).
- Orascom Construction (15%).
- Samcrete Indian Investment (15%).[3]
- Connect IT (15%).
- General Authority for Economic Development of the Suez Canal. (12%).
- The Sovereign Fund of Egypt (12%).
Company factories[edit]
The company complex includes three factories:
- A factory for the rehabilitation of dilapidated electric trains with a production capacity of 125 units per year.[4]
- Metro car factory with a capacity of 150 cars per year.[5]
- Light rail car factory with a capacity of 150 cars per year.[6]
See also[edit]
References[edit]
- ↑ "National Egyptian Railway Industries Company (NERIC)". National Egyptian Railway Industries Company (NERIC). Retrieved 2023-09-21.
- ↑ "Egypt is set to establish the first national company for the railway industries – SCZONE". Retrieved 2023-09-21.
- ↑ Ntsal. "Samcrete". www.samcrete.com. Retrieved 2023-09-21.
- ↑ Writer, Staff; Finance, Arab. "Egypt mulls localization of Railway industry with Hungary's Ganz-MAVAG". www.zawya.com. Retrieved 2023-09-21.
- ↑ "Helmy, Hamza & Partners, Baker McKenzie Cairo advises National Egyptian Railway Industries Company on a supply agreement with Hyundai Rotem and the National Authority for Tunnels in relation to Cairo's Metro | Other". Baker McKenzie. Retrieved 2023-09-21.
- ↑ "Egypt's Transport Ministry Spain's Talgo, NERIC establish company to manufacture electric trains - Dailynewsegypt". 2023-01-17. Retrieved 2023-09-21.
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