Egypt, China discuss coop. in manufacturing of express trains, monorails

CAIRO - 16 December 2018: Chairman of the Arab Organization for Industrialization (AOI) Abdel Moneim al Taras on Sunday discussed in a meeting with Chairman of China Railway 20 Bureau Group Corporation (CR20G) Deng Yong means of boosting cooperation in the manufacturing of monorails and express trains, as well as benefiting from the Chinese expertise and technology in this sector.

This comes within the framework the government's keenness to modernize the fleet of railway and metro carriages and introduce the service of high speed trains, al Taras said.

During the meeting, al Taras highlighted that the AOI seeks to provide all potentials and ways to speed up the development process, given unprecedented achievements that the country witnesses nowadays, in addition to boosting domestic manufacturing, which positively could reflect on the national economy.

Also, the AOI head said that he agreed with the CR20G chairman to establish an industrial base in the field of fast trains and monorails, pointing out that the state gives a top priority to transport projects, as it forms the backbone of desired development.

For his part, Deng Yong said that the CR20G is interested in fostering cooperation with the AOI, adding that he agreed with al Taras to work on removing all obstacles to achieving high rates of local manufacturing in the area of speed trains and monorails.