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Saudi Arabia nods to 2nd stage of Al-Haramain Railway

Saudi Arabia nods to 2nd stage of Al-Haramain Railway
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Riyadh - Mubasher: The Saudi minister of transportation Nabeel Al-Amudi on Tuesday signed an agreement with a Spanish consortium to build the second phase of the haramain railway project.

The deal was signed on the sidelines of the Future Investment Initiative (FII) also known as "Davos in the Desert”.

The chairman of the Saudi Company for Railways (SAR) inked a $267 million agreement with an American company to establish a factory for train wagons in the Saudi kingdom.

The chairman of the Public Transport Authority (PTA) Rumaih bin Mohammed Al Rumaih also signed an agreement for the establishment of bridge between the Red Sea and Arabian Gulf ports.