Saudi Arabia’s Minister of Transport Nabil Ala'amoodi signed an agreement with Al Shoula Spanish Consortium to launch phase II of the Haramain High-Speed Railway project.
The deal was signed at the Future Investment Initiative (FII) 2018 conference in Riyadh today.
Meanwhile, Rumaih Al Rumaih, chairman of the Public Transport Authority, inked a memorandum of understanding (MoU) with China Civil Engineering Construction Corporation Ltd. (CCECC) for a land bridge between the Red Sea ports.
Saudi Railways Co. (SAR) also signed a procurement agreement with the US-based railcar manufacturer and service provider Greenbrier.
The deal aims to develop the Kingdom’s logistics services under the National Industrial Development Program, SAR said.
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