# Hyundai Rotem signs €720M deal to build 450 rail carriages in Iran

Hyundai Rotem signed a €720 million contract with Iranian Rail Industries Development Co (IRICO) to jointly build 450 rail carriages for suburban Tehran. Two-thirds will be manufactured in Iran, the rest in South Korea.

- Type: Contract
- Announced: 2017-12-02
- Where: Tehran, Iran
- Value: $850.0M (720.0M EUR)
- Status: announced
- Capacity: 450 rail carriages
- Products: rail carriages
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hyundai Rotem](https://endata.com/companies/18766.md)
- [Iranian Rail Industries Development Co](https://endata.com/companies/28526.md) (customer)
- [Iranian Rail Industries Development Co](https://endata.com/companies/28526.md) (partner)

## Sources

- [presstv.co.uk](https://www.presstv.co.uk/Detail/2017/12/02/544225/Iran-rail-agreement-South-Korea-Hyundai-Rotem), 2017-12-02: "Hyundai Rotem, a South Korean manufacturer of rolling stock, signed the agreement with the Iranian Rail Industries Development Co (IRICO) in Tehran Saturday."
- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20171204003000320), 2017-12-04: "Hyundai Rotem Co. said Monday it won a 929.3 billion-won (US$856 million) order to supply diesel-powered trains in Iran."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.