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FINANCIAL NEWS
RTCC collaborates with Advance Rail Group
10 Aug 2011
(MENAFN) Saudi Arabia-based Al Rashid Trading and Contracting Company’s (RTCC) Advance general manager, Warwick Georgeson, said that the company has formed a partnership with the UAE-based Advance Rail Group to bid on more than USD800 million worth of future rail opportunities in the kingdom, reported Arabian Business.
The general manager also said that this strategic joint venture would ensure both parties capitalize on each other’s strengths. He continued that Saudi Railway Company is currently pre-qualifying consortia for several railway opportunities in the country.
Georgeson added that Advance Rail Group’s decision to partner with RTCC was founded on their strong history in the kingdom and their successful completion of several high profile projects in the region.
It is worth noting that RTCC is currently completing a contract in Saudi Arabia to construct 817 kilometers of SAR’s 2,400km North-South Railway.
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