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FINANCIAL NEWS
Saudi high-speed rail to be launched by 2018
25 Nov 2016
(MENAFN) Saudi’s railway linking Makkah and Madinah, which will benefit 166.000 passengers per day, will open in March 2018.Furthermore, the rail network linking the holiest cities was organized to open by the year end but the date for its finishing was moved to the end of 2017.In addition, the kingdom had awarded the deal worth USD7.1bn in 2011 to the consortium of 12 Spanish firms and two Saudi firms.Saudi authorities have confirmed to pay an additional USD160mn to compensate for extra costs of the project due to the delay.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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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