Binladin Group Thales bag $500m Saudi rail contract
Saudi Arabia's construction giant Saudi Binladin Group and
French defence firm Thales have won a 533-million-dollar contract to
build signalling and security systems for the Gulf country's mammoth
North-South Railway.
AFP - French defence group Thales and construction giant
Saudi Binladin Group have won a two-billion-riyal (533-million-dollar)
signalling contract for Saudi Arabia's ambitious North-South Railway,
according to a media report.
The two firms were selected by the government to build the signalling and security systems for the main 1,800-kilometre (1,115-mile) section of the 2.8-billion-dollar railroad, said London-based MEED magazine, which reports on the Middle East.
The railway will link rich bauxite and phosphorus mines in the far north with planned Gulf coast processing and export facilities at Ras al-Zour.
Another 600-kilometre section to be awarded later will include a passenger line linking Riyadh with Al-Zubairah at the north end of the line.
Neither Thales nor Saudi Binladin Group could be contacted for comment.
MEED meanwhile also reported that a consortium led by the Al-Rajhi group was expected to win the first construction contract for a five- to six-billion-dollar high-speed passenger rail link between the holy cities of Mecca and Medina.
The two firms were selected by the government to build the signalling and security systems for the main 1,800-kilometre (1,115-mile) section of the 2.8-billion-dollar railroad, said London-based MEED magazine, which reports on the Middle East.
The railway will link rich bauxite and phosphorus mines in the far north with planned Gulf coast processing and export facilities at Ras al-Zour.
Another 600-kilometre section to be awarded later will include a passenger line linking Riyadh with Al-Zubairah at the north end of the line.
Neither Thales nor Saudi Binladin Group could be contacted for comment.
MEED meanwhile also reported that a consortium led by the Al-Rajhi group was expected to win the first construction contract for a five- to six-billion-dollar high-speed passenger rail link between the holy cities of Mecca and Medina.
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