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Hyundai Rotem eyes role in Morocco’s ambitious railway expansion plan
Hyundai Rotem has expressed strong interest in contributing to Morocco’s comprehensive railway expansion under the country’s Rail Plan 2040. Jeong Hoon Kim, Head of Real Solutions at Hyundai Rotem, hailed Morocco's stable business environment and its growing appeal to foreign investors.
Speaking ahead of Throne Day, marking the 26th anniversary of His Majesty King Mohammed VI’s accession to the throne, Hoon Kim noted Morocco’s remarkable resilience during the COVID-19 pandemic and its sustained economic growth. He described the country as a “long-term strategic market for Hyundai Rotem,” highlighting its importance in the company’s global portfolio.
Historic partnership with ONCF
Earlier this year, Hyundai Rotem finalized a landmark $1.5 billion agreement with Morocco’s National Railway Office (ONCF). The deal involves the supply of double-decker trains designed to operate at speeds of up to 160 kilometers per hour, connecting Casablanca with major regions across Morocco.
The project underscores Hyundai Rotem’s commitment to innovation and its readiness to support the kingdom’s push for enhanced connectivity and economic integration through modernized rail infrastructure.
Supporting Morocco’s Rail Plan 2040
Hoon Kim emphasized Hyundai Rotem’s desire to foster a long-term partnership with Morocco, particularly in advancing the Rail Plan 2040. The ambitious roadmap aims to expand and modernize the country’s railway network, strengthening its role as a regional transportation hub.
Hyundai Rotem has followed the Moroccan market for over a decade, and the company is eager to play an active role in this transformative initiative. “This plan represents a significant step forward for Morocco’s transportation sector, and we are ready to contribute to its successful implementation,” Hoon Kim stated.
A model for win-win cooperation
Hoon Kim also highlighted Morocco’s political and economic stability as key factors attracting foreign investment. He pointed to the presence of other Korean companies like Hands Corporation, which operates a car parts production facility in Morocco exclusively serving the EU market.
“This is a model of win-win cooperation that we wish to replicate,” he concluded, underscoring Hyundai Rotem’s commitment to strengthening bilateral ties and supporting Morocco’s growth as an industrial and transportation leader in Africa.
