- Approximately
2,000 kilometers of modern, safe and integrated rail system to link 60 cities for people and goods across the country
- Siemens
Mobility to provide 41 Velaro
eight car high-speed trains, 94 Desiro high-capacity four car regional train
sets and 41 Vectron freight locomotives
- Turnkey
contract includes latest rail infrastructure technology, eight depots &
yards and 15-year maintenance agreement
- Will
create sixth largest high-speed rail system in the world
- To
complete all aspects of the project the consortium will create up to 40,000
local jobs
Siemens Mobility and its consortium partners Orascom
Construction and The Arab Contractors have signed a contract with the Egyptian
National Authority for Tunnels (NAT), a governmental authority under the
jurisdiction of the Ministry of Transport of Egypt, to create the sixth largest
high-speed rail system in the world. The Siemens Mobility share of the combined
contract is 8.1 billion EUR and includes the initial contract of 2.7 billion
EUR for the first line signed September 1, 2021.
On September 26, 2017 Siemens and Alstom have signed a Memorandum of Understanding to combine Siemens' mobility business, including its rail traction drives business, with Alstom. The transaction brings together two innovative players of the railway market with unique customer value and operational potential. The two businesses are largely complementary in terms of activities and geographies. Siemens will receive newly issued shares in the combined company representing 50 percent of Alstom's share capital on a fully diluted basis.On February 6, 2019 the European Commission has announced its decision to prohibit the proposed combination of the Siemens and Alstom mobility businesses. As a result of this prohibition, the merger will not proceed. Siemens and Alstom regret that the remedies they offered, including recent improvements, have been considered insufficient by the EU Commission.
The world's largest trade fair for transport technology – InnoTrans – was being held in Berlin from September 18 to 21. Once again, Siemens has showcased its products in Hall 4.2 and in the outdoor exhibition area.Digitalization is fundamentally transforming the mobility industry. It is improving the availability of vehicles and infrastructures, optimizing operations, and reducing efforts and costs. Reflecting these changes, digital innovations in a networked "Complete Mobility System" was the focus of Siemens' presentation at InnoTrans 2018. Following the motto "Shaping connected mobility," Siemens has showcased new, intelligent solutions that will make rail transport more efficient, safer and more reliable.