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FINANCIAL NEWS
A USD2.1b bus project by Saptco in Saudi Arabia
06 May 2014
(MENAFN) Saptco, the Saudi Public Transport Co., has been awarded a USD2.1 billion contract to operate and maintain buses in the Saudi capital Riyadh in a joint venture with RATP Dev., the French group, Jordan Times reported.
Saptco indicated that the 10-year deal is worth USD2.1 billion.
It is noted that Saptco and RATP Dev. have signed a strategic partnership in 2010 in order to develop the public transport system in Saudi Arabia, including a tramway and metro system.
In July 2013, Saudi Arabia has awarded three foreign consortiums contracts with a total worth of USD22.5 billion to build a Riyadh metro which aims to help ease traffic congestion in the capital.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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