His Excellency President Abdel Fattah El-Sisi witnessed the opening of the Egyptian National Railway Industries Company (NERIC) factory, in the presence of His Excellency Prime Minister Dr. Mostafa Madbouly, Lieutenant General Kamel El-Wazir, Minister of Transport, Mr. Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) , His Excellency Minister of Labor Mr. Hassan Radad, in addition to a group of ministers, senior state officials and executive leaders .

The “Nirk” factory was honored to be chosen to host this year’s Labor Day celebration, on the land of East Port Said, within the East Port Said Industrial Zone (EP), within the framework of the Suez Canal Economic Zone, reflecting the growing status of the region as a promising industrial and logistical center.

In a scene that embodied the success of the project, Engineer Karim Sami Saad presented the first complete train produced at the “Nirk” factory to His Excellency President Abdel Fattah El-Sisi. This train is being manufactured as part of the project to supply 320 metro cars to operate the second and third lines of the Cairo Metro, in addition to reviewing the Alexandria Regional Metro project with a total of 189 cars, in a step that confirms the factory’s ability to fulfill its technical and time commitments .

In this context, Engineer Karim Sami Saad , Chairman of the Board of Directors of East Port Said Development Company and a member of the Board of Directors of NERC, stated: “ Today, we are not just inaugurating a factory, but rather an integrated industrial platform that reinforces the Egyptian state’s vision of building a strong production base. This edifice is a strategic response to the state’s urgent need to develop the transportation sector and a true embodiment of the state’s vision towards localizing manufacturing as an alternative to imports. Our goal goes beyond building walls; we seek to transform the state’s vision into a tangible reality by creating sustainable economic growth and opening new horizons for thousands of young people, with a focus on knowledge transfer to empower local developers. What we see today is the fruit of a long-term vision that faced formidable challenges, enabling the region to now lead sustainable industrial growth in line with the state’s 2030 vision and compete strongly in global markets .”

For his part, Engineer Ahmed Al-Mufti, CEO of NIRC , explained that the factory was designed according to the highest standards, where functional efficiency has already been achieved through an integrated system of workshops and production lines, stressing that the focus was on building an industrial system capable of producing efficiently from day one .

The project also contributes to supporting the national economy by increasing the local component, which ranges from 30% to 70%. The total investment in the first phase is approximately 6 billion Egyptian pounds, providing more than 500 direct and 1,100 indirect job opportunities. The factory aims for an annual production valued between $150 million and $300 million, thus enhancing the competitiveness of national industry .

NERC is moving forward with its projects, most notably the manufacturing and supply of 500 railway passenger cars worth approximately €762 million, with the aim of achieving 100% localization. This approach will contribute to saving nearly € 260 million in foreign currency, equivalent to about EGP 16 billion, thus supporting the country's trade balance .

Engineer Karim Sami Saad concluded by reviewing the features of the following industrial base, which aims to localize the silo industry in Egypt through the “Firom Egypt” project, in order to enhance industrial integration within the East Port Said region and support the state’s direction towards establishing integrated industrial bases capable of leading growth .

-I finish-

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