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FINANCIAL NEWS
Saudi Arabia terminates USD201m high-speed train contract
16 Jul 2015
(MENAFN) Saudi Arabia announced terminating a USD201 million contract for six high-speed trains it granted to the Spanish train maker Talgo in February, Reuters reported.
The company did not specify any clear reason for the termination but asserted that the move will not hinder nor harm its performance for the upcoming two years.
Talgo, the Spanish manufacturer of intercity, standard, and high speed passenger trains, was supposed to undertake the construction and development procedures for the project.
More News
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
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04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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