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FINANCIAL NEWS
Saudi Arabia receives 6 bids for railway project
12 Jul 2010
(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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