National Egyptian Railway Industries Company (NERIC)

The National Egyptian Railway Industries Company (NERIC) is an Egyptian joint stock company formed by a group of Egyptian private-sector companies in partnership with government entities. Its main goal is to establish a railway industries industrial complex in Egypt, particularly for electrically powered rolling stock, on an area of about 300,000 square meters in the industrial zone of East Port Said in the Suez Canal Economic Zone. NERIC seeks to deepen and localize the railway industry in Egypt, benefit from global expertise in this field, and transfer it to Egyptian labor.

NERIC was formed by a group of Egyptian private-sector companies in partnership with government entities. The main objective of establishing the company is to create an industrial complex for railway industries in Egypt, especially for electrically powered rolling stock, on an area of about 300,000 square meters in the industrial zone of East Port Said in the Suez Canal Economic Zone. The industrial complex is intended to be the main cornerstone for implementing a comprehensive plan to develop and modernize transport system elements and railway industries, in line with Egypt's Vision 2030. NERIC seeks to deepen and localize the railway industry in Egypt and to benefit from global expertise in this field and transfer it to Egyptian labor.

Localizing railway industries in Egypt, with an ambitious target of reaching 50% local content.

1. 1الشركة الوطنية المصرية لصناعات السكك الحديدية (NERIC)neric.com