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FinancialNews


  • 12-07-10

    Saudi Arabia receives 6 bids for railway project

    (MENAFN) Reuters reported that German transport group Deutsche Bahn, Italy's Astaldi and British firm WS Atkins are among companies bidding to build four stations along a 450-km railway in Saudi Arabia. France's Alstom, Austria's Strabag and Singapore-based ST Engineering Limited are also bidding, the Saudi Railway Organization (SRO) said in a statement. Each of the six foreign companies has teamed up with a Saudi partner to compete for this final phase of the link, according to the statement. The high-speed Haramain Railway will link Islam's holiest cities Makkah and Madinah to the Red Sea coastal city of Jeddah, a key entry point for millions of pilgrims, and to King Abdullah Economic City, currently under construction.

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