Choi Sang-mok Sends Thank You Letter to Moroccan King for "2 Trillion Won Order" "Glad Our Company Was Selected"

Choe Sang-mok, Acting President, Deputy Prime Minister, and Minister of Economy and Finance

Choi Sang-mok, Acting President and Deputy Prime Minister as well as Minister of Strategy and Finance, sent a letter to King Mohammed VI of Morocco on the 25th (local time).

This letter was sent in response to Hyundai Rotem signing a contract worth 2.2027 trillion KRW to supply double-decker electric trains to the Moroccan National Railways Office.

In the letter, Acting President Choi expressed his pleasure that our company was selected as the final contractor. He also expressed gratitude for the trust and interest shown by the Moroccan government in our companies, which possess international competitiveness and technological capabilities.

This electric train project is the largest single contract among railway vehicle projects won by our companies overseas. Approximately 90% of all train components will be supplied by about 200 of our small and medium-sized enterprises and mid-sized companies.

The Ministry of Strategy and Finance stated that it will continue to actively support the expansion of exports and overseas advancement of Korean companies.