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FINANCIAL NEWS
Saudi Arabia awards Tata Steel order for high-speed rail project
12 Aug 2013
(MENAFN) Saudi Arabia has awarded Tata Steel Europe a contract to manufacture 60,000 tonnes of high-quality rail for a new high-speed line linking the two holy cities of Makkah and Madinah, Arabian Business reported.
The line will cross desert, withstanding temperatures ranging from freezing to 50C, as well as sand storms, flash flooding and shifting dunes, and will allow millions of pilgrims to cross the 444km between the two cities at speeds of 320kmh.
Gerard Glas, rail sector head for Tata Steel said the steel for the project will be made at the company’s Scunthorpe plant in the UK before being rolled into rail in lengths of 25 metres both there and at the company’s plant in Hayange, Northern France.
Work on producing the rail will start at the end of this year and is expected to continue throughout 2014.
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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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