Egypt Signs EGP 15 Billion Agreement to Build Alexandria Metro Trains

The Ministry of Transportation has signed a new agreement with the National Egyptian Railway Industries Company (NERIC) to locally manufacture 21 trains for the Alexandria Metro. The contract, valued at up to EGP 15 billion, reflects the government’s ongoing efforts to enhance public transport infrastructure while expanding domestic industrial capacity.

The deal will be financed by the National Authority for Tunnels (NAT), with payments issued in installments according to a predetermined financial schedule. NERIC, a joint venture established to support Egypt’s localization strategy for railway manufacturing, will lead production efforts at its facility in East Port Said.

In addition to the Alexandria Metro trains, the Ministry also confirmed plans to produce 40 trains—equivalent to 320 carriages—for Cairo Metro Lines 2 and 3. This component of the agreement supports Egypt’s wider strategy to modernize its metro system and reduce dependence on imported railcars.