Hyundai offers soft financing for Cairo metro line

South Korea's Hyundai Rotem has entered into a soft financing agreement with the Egyptian Transport Ministry for the development of the Cairo Metro network, said a report.

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South Korea’s Hyundai Rotem has entered into a soft financing agreement with the Egyptian Transport Ministry for the development of the Cairo Metro network, said a report.

Part of the Hyundai Motor Group, the company is a major manufacturer of rolling stock, defence products and plant equipment.

As per the deal, Hyundai Rotem will offer soft financing to the Egyptian government for purchase of 64 new trains for the third line of Cairo Metro network once it gets completed, reported Amwal Alghad. More info

Source:  tradearabia.com

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