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South Korea’s Hyundai Rotem has signed a 2.2 trillion-won ($1.53 billion) contract to supply double-decker electric trains to Morocco’s national railway operator, ONCF, marking the largest railway vehicle export deal for a South Korean company. Acting President Choi Sang-mok expressed gratitude to King Mohammed VI of Morocco in a letter, thanking the Moroccan government for its trust in South Korea’s advanced technology and industries, according to the finance ministry. The contract will see Hyundai Rotem deliver high-speed, double-decker trains capable of reaching 160 km/h, improving connectivity between Casablanca and key regions. The deal aligns with Morocco’s plans to enhance its public transport infrastructure ahead of the 2030 FIFA World Cup, which the country will co-host. Approximately 90% of the train components will be sourced from 200 South Korean small and medium-sized enterprises, bolstering domestic industry growth. Some components will also be manufactured locally to contribute to Morocco’s railway sector development. This deal marks Hyundai Rotem’s first entry into the Moroccan market and surpasses its previous major contracts, including a 1.4 trillion-won Australian NIF project, a 1.3 trillion-won Queensland train supply deal, and a 900 billion-won contract for Los Angeles Metro trains ahead of the 2028 Summer Olympics. Train maintenance will be jointly managed by Hyundai Rotem and the Korea Railroad Corp. (KORAIL) under separate agreements. The company credited its success to collaborative efforts involving multiple South Korean government agencies, particularly the Ministry of Land, Infrastructure, and Transport. |
