Settings

ⓕ font-size

  • -2
  • -1
  • 0
  • +1
  • +2

Choi expresses gratitude to Moroccan king over Hyundai Rotem's major train deal

  • Facebook share button
  • Twitter share button
  • Kakao share button
  • Mail share button
  • Link share button
A high-speed train, developed by the rolling stock manufacturing company, is seen in this photo provided by Hyundai Rotem, Sep. 27, 2022. Yonhap

A high-speed train, developed by the rolling stock manufacturing company, is seen in this photo provided by Hyundai Rotem, Sep. 27, 2022. Yonhap

Acting President Choi Sang-mok has sent a letter to King Mohammed VI of Morocco, expressing gratitude after a Korean company secured a major contract to supply advanced trains to the North African nation, Choi's office said Wednesday.

Under the 2.2 trillion-won ($1.53 billion) contract, Hyundai Rotem, the train manufacturing subsidiary of Hyundai Motor Group, will supply double-decker electric trains to ONCF, Morocco's national railway operator.

In the letter, Choi expressed appreciation for the Moroccan government's trust and interest in Korea's globally competitive and technologically advanced companies, the finance ministry said in a release.

The ministry noted that Hyundai Rotem's deal is the single largest railway vehicle contract ever secured by a Korean company in an overseas market.

It also emphasized that the deal is expected to significantly boost the growth and collaboration of domestic businesses, as approximately 90 percent of the train components will be supplied by around 200 local small and medium-sized enterprises. (Yonhap)



X
CLOSE

Top 10 Stories

go top LETTER