Core Insights - Hyundai Rotem, a subsidiary of Hyundai Group, has officially established its Moroccan branch, marking its third subsidiary in Africa after Egypt and Tunisia [1] - In February 2024, Hyundai signed a contract with the Moroccan government worth over $1.5 billion for the supply of train equipment [1] - The contract includes the provision of 110 double-decker trains for the rapid rail connection between Kenitra, Rabat, and Casablanca, with a designed speed of 160 km/h [1]