Morocco’s Minister Ryad Mezzour met CEO of HYUNDAI ROTEM Yong-Bae Lee to discuss possibilities of development of Morocco’s railway infrastructure, on Thursday in Casablanca.
The major Korean player in manufacturing railway rolling stock and defense systems aims to compete for deals to develop Morocco’s railway infrastructure, which includes the purchase of 168 trains, with a total value of 16 Bln MAD.
The South Korean company’s main competitors are a list of seven businesses, such as CAF from Spain, Siemens Mobility from Germany, CRRC Group from China, Hitachi Rail STS from Japan and Italy, Alstom from France and its Spanish subsidiary Talgo.
Morocco aims to acquire 168 new trains, including 150 trains for intercity services, rapid transit and urban trains, and 18 high-speed trains to extend high-speed lines.
Morocco is expected to receive the first trains in 2027 and the last by 2030.