Created: 31/07/2023Last Edit: 19/01/2024
Week: Week 30-2023Print Edition: 2023 – July, SARA EditionEdit Article
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Hungary’s Transport Industry Sees Growing Opportunity in Africa

In what represents a milestone for Hungary’s transportation industry, its largest ever order offers promising prospects for broader collaboration and seizing opportunities within the African markets. This sentiment was echoed by Pérez Szijjártó, Hungary’s Minister of Foreign Affairs and Trade.

Szijjártó, following his meeting with Egyptian Transport Minister Kamel al-Wazir in Hungary’s capital, revealed that production of rail carriages for the Egyptian market has already begun in Dunakeszi, in close proximity to Budapest. Initially a tripartite collaboration involving Russia, Egypt, and Hungary, the project is now exclusively controlled by Ganz-Mávag, a Hungarian firm, due to recent geopolitical shifts.

Hungary has so far fulfilled delivery of 255 carriages, with an additional 314 currently in the manufacturing pipeline. “The delivery process is ongoing, and we’re on track to meet the deadline,” Szijjártó affirmed. This project has significantly boosted exports, thereby strengthening Hungary’s economic standing.

He continued, “Today, we initiated discussions about furthering this cooperation and potentially manufacturing a joint Hungarian-Egyptian rolling stock.” An agreement to train Egyptian railway engineers and technicians in Hungary through an existing grant system was also reached.

In addition, Hungary plans to increase the number of scholarships available to Egyptian university students from 115 to 200 in 2024.

It is important to note that Egypt is set on being a hub for the production of railway cars in the Middle East and Africa.

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Hungary's transport industry sees growth in Africa with its largest railway order to date. The project, under Hungarian firm Ganz-Mávag, involves manufacturing rail carriages for Egypt, with talks on joint rolling stock production. The initiative also includes training for Egyptian railway engineers, further cementing the collaboration.
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Hungary’s Minister of Foreign Affairs and Trade reports that a consensus has been reached to facilitate training for Egyptian railway engineers and technicians in Hungary, using an established grant system. Additionally, discussions explored the potential to bolster cooperation by manufacturing combined Hungarian-Egyptian rolling stock.

 

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