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Press Release14 January 2021Siemens Mobility GmbHMunich
Siemens Mobility Signs Landmark MoU to Install Egypt’s First Ever High-Speed Rail System
The MoU was signed by Essam Waly, Chairman of Egypt’s National Authority for Tunnels, and Michael Peter, CEO Siemens Mobility, in a meeting on January 14, 2021 in Cairo. This was witnessed by His excellency, Prime Minister Mostafa Madbouly, His excellency, Minister of Transport Egypt Kamel Al Wazir, as well as Siemens CEO Joe Kaeser and Siemens Deputy CEO Roland Busch.
"We are honored and proud to expand our trustful partnership with Egypt. By building a high efficiency rail system for the country, we will support the Egyptian people with affordable, clean and reliable transportation," said Joe Kaeser, the President and Chief Executive Officer of Siemens AG. "After the highly successful energy Mega project, we are now keen to repeat this visionary spirit in the mobility sector together with our partners."
“We are delighted that the Ministry of Transport is seeking to put their trust in us to deliver this important project. Our digital leadership and comprehensive turnkey services will bring an integrated and state of the art high-speed rail system, that will provide a technology boost for the country and create local jobs. The system will significantly enhance passenger experience and reduce travel time for millions of Egyptian people,” said Michael Peter, CEO Siemens Mobility.
The first 460 km long high-speed line will connect the vastly developing cities of El-Alamein on the Mediterranean Sea to Ain Sokhna on the Red Sea, while also passing through the New Administrative Capital. The line will also be operable for freight transport purposes which will further foster economic growth in the region.
Siemens Mobility is the global leader in high-speed rail operations and is one of the leading companies in the Egyptian mobility market since the 1960s. The company has also extensive experience in delivering high-speed rail projects in the Middle East and Africa region.
As a leading global rail turnkey project provider with a proven track record of delivering projects on time, Siemens Mobility integrates its portfolio elements and delivers complete rail systems reliably and from one single source. So far, the company has successfully completed around 50 turnkey projects all over the world – delivering many ahead of schedule. Latest projects include the Extension of the Blue Line metro in Bangkok finished last year and the Copenhagen Light Rail project.
For further information about Siemens Mobility, please see: www.siemens.com/mobility
During the signing ceremony (from left): Chairman of Egypt’s National Authority for Tunnels Essam Waly, Minister of Transport Egypt Kamel Al Wazir, Prime Minister Mostafa Madbouly, Siemens CEO Joe Kaeser, Siemens Deputy CEO Roland Busch and Siemens Mobility CEO Michael Peter.
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Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2020, which ended on September 30, 2020, Siemens Mobility posted revenue of €9.1 billion and had around 38,500 employees worldwide. Further information is available at:
www.siemens.com/mobility.
Reference Number: HQMOPR202101126101EN
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