National Egyptian Railway Industries Company (NERIC)

A private joint-venture company formed by a group of Egyptian companies in partnership with Governmental entities. The main objective of the company is to establish a rolling stock plant in a prospective area of tentatively 300,000 m2 located in East Port Said Industrial which is part of the Suez Canal Economic Zone. NERIC plant will be a major milestone in Egypt’s strategic industrialization plan in general, and the rolling stock sector to achieve the goals set forth in Vision 2030. A great number of new railway infrastructure projects are currently under study, designing or in execution phase, which demonstrates the increasing role that the railway sector will play in the coming years. NERIC seeks the development of the rolling stock manufacturing value chain locally through deepening the localization of certain components with the support from the international OEM’s.