Following the deal, Acting President Choi Sang-mok sent a letter to King Mohammed VI of Morocco, expressing his gratitude for the Moroccan government’s trust in Korea’s technologically advanced industries. The South Korean finance ministry emphasized that this agreement highlights Hyundai Rotem’s growing presence in international rail markets and strengthens bilateral economic cooperation between Korea and Morocco.
Beyond its significance in international trade, the contract is poised to have a substantial impact on Korea’s domestic economy. Approximately 90% of the train components will be sourced from around 200 local small and medium-sized enterprises (SMEs), fostering growth and collaboration within Korea’s industrial supply chain. This extensive local participation is expected to boost employment and technological advancements across multiple sectors.
Hyundai Rotem has long been a key player in railway systems, having supplied high-speed trains, electric multiple units (EMUs), and locomotives across South Korea and internationally. The company’s contributions include the KTX-Sancheon, commuter trains for Taiwan, and automated rail systems for Vancouver’s Canada Line. The Morocco contract further solidifies Hyundai Rotem’s global leadership in train manufacturing.
As part of its commitment to sustainability, Hyundai Rotem is actively developing hydrogen-powered trains and fuel cell trams, aligning with global carbon neutrality goals. The company is also making strides in defense technology, recently unveiling plans for the K3—a next-generation hydrogen-powered main battle tank featuring AI-controlled weaponry, onboard drones, and stealth capabilities.
