Mohamed_Ghannam

Baker McKenzie with NERIC in its new agreement for Cairo Metro

Helmy Hamza & Partners, Baker McKenzie Cairo office, has advised the National Egyptian Railway Industries Company (“NERIC”) on its first offtake and supply agreement with Hyundai Rotem, the South Korean heavy industry company and the National Authority for Tunnels (“NAT”). 

Under the terms of the agreement, the consortium of NERIC and Hyundai Rotem will manufacture and supply NAT with 40 new trains consisted of 320 rolling stocks for the second and the third metro lines in Cairo. 

This is a major milestone towards localizing the manufacturing of rolling stocks in Egypt at NERIC plant located in East Port Said Industrial Zone in a prospective area of c. 300,000 m2 in the Suez Canal Economic Zone.  

Baker McKenzie Cairo advised NERIC on reviewing the rolling stock supply, localization contracts made with Hyundai Rotem. 

The Helmy Hamza & Partners, Baker McKenzie Cairo team was led by managing partner Mohamed Ghannam (pictured) with assistance from counsel and co-head of antitrust and compliance Hesham Ragab as well as banking and projects associate Ahmed Shehata

Baker McKenzie with NERIC in its new agreement for Cairo Metro

suzan.taha@lcpublishinggroup.it

legalcommunitymena.com

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram